4//SEC Filing
NORTHROP GRUMMAN CORP /DE/ 4
Accession 0001225208-16-027583
$NOCCIK 0001133421operating
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:42 PM ET
Size
9.3 KB
Accession
0001225208-16-027583
Insider Transaction Report
Form 4
VICE THOMAS E
Corp VP & Pres Tech Servs
Transactions
- Tax Payment
Common Stock
2016-02-20$190.68/sh−8,297$1,582,072→ 101,198.5 total - Exercise/Conversion
Restricted Stock Rights
2016-02-20−15,899→ 21,099 total→ Common Stock (15,899 underlying) - Exercise/Conversion
Common Stock
2016-02-20+15,899→ 109,495.5 total
Footnotes (5)
- [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]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.
- [F5]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; and 8,820 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, 4:42 PM ET
- Size
- 9.3 KB