4//SEC Filing
NORTHROP GRUMMAN CORP /DE/ 4
Accession 0001225208-17-004145
$NOCCIK 0001133421operating
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 4:52 PM ET
Size
14.7 KB
Accession
0001225208-17-004145
Insider Transaction Report
Form 4
DAVIS LISA R
Corp VP, Communications
Transactions
- Exercise/Conversion
Common Stock
2017-02-17+1,865.07→ 1,865.07 total - Tax Payment
Common Stock
2017-02-17$243.58/sh−682$166,122→ 1,183.07 total - Award
Restricted Performance Stock Rights
2017-02-17+3,696.07→ 9,501.07 total→ Common Stock (3,696.07 underlying) - Award
Restricted Stock Rights
2017-02-17+1,276→ 4,648 total→ Common Stock (1,276 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2017-02-17−1,865.07→ 7,636 total→ Common Stock (1,865.07 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 2/19/14 with a valuation of performance measurement period ("measurement period") ended 12/31/16. The RPSRs were settled at 153% 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 application performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- [F4]The RPSRs acquired include (i) 646.07 vested RPSRs with respect to the measurement period ended 12/31/16 acquired due to settlement of the 2014 RPSRs held at 153% of the target award and (ii) 3,050 unvested RPSRs granted under the LTISP on 2/17/17 with a measurement period ending on 12/31/19.
- [F5]Total amount includes 1,865.07 vested RPSRs granted under the LTISP on 7/29/14 with a measurement period ended on 12/31/16; 3,050 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; 3,631 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18; and 955 RPSRs granted on 2/18/15 with a measurement period ending on 12/31/17.
- [F6]Total amount includes 3,050 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; 3,631 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18; and 955 RPSRs granted on 2/18/15 with a measurement period ending on 12/31/17.
- [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 2/17/17 and will vest on 2/17/20.
- [F8]Total amount includes 1,276 RSRs granted under the LTISP on 2/17/17 that will vest on 2/17/20; 1,648 RSRs granted under the LTISP on 2/17/16 that will vest on 2/17/19; 409 RSRs granted under the LTISP on 2/18/15 that will vest on 2/18/18; and 1,315 RSRs granted under the LTISP on 7/29/14 that vested on 7/29/17.
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, 4:52 PM ET
- Size
- 14.7 KB