4//SEC Filing
NORTHROP GRUMMAN CORP /DE/ 4
Accession 0001225208-16-027153
$NOCCIK 0001133421operating
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 7:23 PM ET
Size
14.8 KB
Accession
0001225208-16-027153
Insider Transaction Report
Form 4
VICE THOMAS E
Corp VP & Pres Tech Servs
Transactions
- Exercise/Conversion
Common Stock
2016-02-17+65,895→ 127,216.5 total - Tax Payment
Common Stock
2016-02-17$190.06/sh−33,620$6,389,817→ 93,596.5 total - Award
Restricted Performance Stock Rights
2016-02-17+34,675→ 113,566 total→ Common Stock (34,675 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2016-02-17−65,895→ 47,671 total→ Common Stock (65,895 underlying) - Award
Restricted Stock Rights
2016-02-17+5,767→ 36,998 total→ Common Stock (5,767 underlying)
Footnotes (8)
- [F1]Shares issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/20/13 with a valuation of performance measurement period ("measurement period") ended 12/31/15. The RPSRs were settled at 150% of target.
- [F2]Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e).
- [F3]Each RPSR represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the Issuer's election, cash or a combination of cash and Issuer common stock. The RPSRs vest if the applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- [F4]The RPSRs acquired include (i) 21,965 additional vested RPSRs with respect to the measurement period ended 12/31/15 acquired due to settlement of the 2013 RPSRs held at 150% of the target award and (ii) 12,710 unvested RPSRs granted under the LTISP on 2/17/16 with a measurement period ending on 12/31/18.
- [F5]Total amount includes 65,895 vested RPSRs granted under the LTISP on 2/20/13 with a measurement period ended on 12/31/15; 12,710 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18; 13,810 RPSRs granted on 2/18/15 with a measurement period ending on 12/31/17; and 21,151 RPSRs granted on 2/19/14 with a measurement period ending on 12/31/16.
- [F6]Total amount includes 12,710 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18; 13,810 RPSRs granted on 2/18/15 with a measurement period ending on 12/31/17; and 21,151 RPSRs granted on 2/19/14 with a measurement period ending on 12/31/16.
- [F7]Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the election of the Issuer's Compensation Committee, cash or a combination of cash and Issuer common stock. The RSRs were granted under the LTISP on 2/17/16 and will vest on 2/17/19.
- [F8]Total amount includes 5,767 RSRs granted under the LTISP on 2/17/16 that will vest on 2/17/19; 6,512 RSRs granted under the LTISP on 2/18/15 that will vest on 2/18/18; 8,820 RSRs granted under the LTISP on 2/19/14 that will vest on 2/19/17; and 15,899 RSRs granted under the LTISP on 2/20/13 that will vest on 2/20/16.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeoperating
Related Parties
1- filerCIK 0001133421
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 7:23 PM ET
- Size
- 14.8 KB