4//SEC Filing
NORTHROP GRUMMAN CORP /DE/ 4
Accession 0001225208-16-027566
$NOCCIK 0001133421operating
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:39 PM ET
Size
11.1 KB
Accession
0001225208-16-027566
Insider Transaction Report
Form 4
FRASER DARRYL M
Corp. VP, Communications
Transactions
- Exercise/Conversion
Restricted Stock Rights
2016-02-20−4,997→ 5,098 total→ Common Stock (4,997 underlying) - Tax Payment
Common Stock
2016-02-20$190.68/sh−2,544$485,090→ 65,400.5 total - Exercise/Conversion
Common Stock
2016-02-20+4,997→ 67,944.5 total
Holdings
- 3,898.66(indirect: Held in Northrop Grumman Savings & Investment Plan)
Common Stock
- 3,000(indirect: By Foundation)
Common Stock
Footnotes (6)
- [F1]In light of the vesting date, Saturday, February 20, 2016, and in accordance with the terms of the 2011 Long-Term Incentive Stock Plan ("LTISP"), award shares were valued based on the Company's closing stock price on February 19, 2016, the immediately preceding business day. The shares were distributed into the participant's account on February 22, 2016.
- [F2]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the LTISP on 2/20/13 that vested on 2/20/16.
- [F3]Shares surrendered to issuer in payment of tax liability in connection with vesting of RSRs in accordance with Rule 16b-3(e).
- [F4]Held in the Northrop Grumman Savings and Investment Plan (the "Plan"), a qualified profit sharing plan, as of February 12, 2016. Share totals with respect to the Plan are based upon unit accounting and therefore may reflect a decrease in units attributable to an individual though no disposition occurred.
- [F5]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.
- [F6]Total amount includes 2,326 RSRs granted under the LTISP on 2/18/15 that will vest on 2/18/18 and 2,772 RSRs granted under the LTISP on 2/19/14 that will vest on 2/19/17.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeoperating
Related Parties
1- filerCIK 0001133421
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:39 PM ET
- Size
- 11.1 KB