4//SEC Filing
NORTHROP GRUMMAN CORP /DE/ 4
Accession 0001225208-17-004135
$NOCCIK 0001133421operating
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 4:39 PM ET
Size
21.0 KB
Accession
0001225208-17-004135
Insider Transaction Report
Form 4
VICE THOMAS E
Corp VP & Pres Tech Servs
Transactions
- Exercise/Conversion
Common Stock
2017-02-17+31,303.48→ 113,799.98 total - Tax Payment
Common Stock
2017-02-19$243.58/sh−4,603$1,121,199→ 102,283.98 total - Award
Restricted Performance Stock Rights
2017-02-17+20,828.48→ 68,499.48 total→ Common Stock (20,828.48 underlying) - Award
Restricted Stock Rights
2017-02-17+4,465→ 25,564 total→ Common Stock (4,465 underlying) - Exercise/Conversion
Restricted Stock Rights
2017-02-19−8,820→ 16,744 total→ Common Stock (8,820 underlying) - Tax Payment
Common Stock
2017-02-17$243.58/sh−15,733$3,832,244→ 98,066.98 total - Exercise/Conversion
Restricted Performance Stock Rights
2017-02-17−31,303.48→ 37,196 total→ Common Stock (31,303.48 underlying) - Exercise/Conversion
Common Stock
2017-02-19+8,820→ 106,886.98 total
Footnotes (13)
- [F1]Shares issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/19/14 with a valuation of performance measurement period ("measurement period") ended 12/31/16. The RPSRs were settled at 148% of target.
- [F10]Each 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 2/17/17 and will vest on 2/17/20.
- [F11]Total amount includes 4,465 RSRs granted under the LTISP on 2/17/17 that will vest on 2/17/20; 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 vested on 2/19/17.
- [F12]Each 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.
- [F13]Total amount includes 4,465 RSRs granted under the LTISP on 2/17/17 that will vest on 2/17/20; 5,767 RSRs granted under the LTISP on 2/17/16 that will vest on 2/17/19; and 6,512 RSRs granted under the LTISP on 2/18/15 that will vest on 2/18/18.
- [F2]Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e)
- [F3]In light of the vesting date, Sunday, February 19, 2017, and in accordance with the terms of the 2011 LTISP, award shares were valued based on the Company's closing stock price on February 17, 2017, the immediately preceding business day. The shares were distributed into the participant's account on February 22, 2017.
- [F4]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the LTISP on 2/19/14 that vested on 2/19/17.
- [F5]Shares surrendered to issuer in payment of tax liability in connection with vesting of RSRs in accordance with Rule 16b-3(e).
- [F6]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 application performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- [F7]The RPSRs acquired include (i) 10,152.48 vested RPSRs with respect to the measurement period ended 12/31/16 acquired due to settlement of the 2014 RPSRs held at 148% of the target award and (ii) 10,676 unvested RPSRs granted under the LTSIP on 2/17/17 with a measurement period ending on 12/31/19.
- [F8]Total amount includes 31,303.48 vested RPSRs granted under the LTISP on 2/19/14 with a measurement period ended on 12/31/16; 10,676 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; 12,710 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18; and 13,810 RPSRs granted on 2/18/15 with a measurement period ending on 12/31/17.
- [F9]Total amount includes 10,676 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; 12,710 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18; and 13,810 RPSRs granted on 2/18/15 with a measurement period ending on 12/31/17.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeoperating
Related Parties
1- filerCIK 0001133421
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 4:39 PM ET
- Size
- 21.0 KB