4//SEC Filing
DAVIS LISA R 4
Accession 0001225208-18-003056
CIK 0001133421other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 5:38 PM ET
Size
14.8 KB
Accession
0001225208-18-003056
Insider Transaction Report
Form 4
DAVIS LISA R
Corp VP, Communications
Transactions
- Award
Restricted Performance Stock Rights
2018-02-13+2,285.05→ 9,921.05 total→ Common Stock (2,285.05 underlying) - Award
Restricted Stock Rights
2018-02-13+903→ 4,236 total→ Common Stock (903 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2018-02-13−1,251.05→ 8,670 total→ Common Stock (1,251.05 underlying) - Exercise/Conversion
Common Stock
2018-02-13+1,251.05→ 2,212.12 total - Tax Payment
Common Stock
2018-02-13−415→ 1,797.12 total
Footnotes (8)
- [F1]Shares expected to be issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/18/15 with a valuation of performance measurement period ("measurement period") that ended 12/31/17. RPSRs to be settled at 131% of target. The shares are anticipated to be distributed into the participant's account on February 22, 2018.
- [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) 296.05 vested RPSRs with respect to the measurement period ended 12/31/17 acquired due to settlement of the 2015 RPSRs held at 131% of the target award and (ii) 1,989 unvested RPSRs granted under the LTISP on 2/13/18 with a measurement period ending on 12/31/20.
- [F5]Total amount includes 1,251.05 vested RPSRs granted under the LTISP on 2/18/15 with a measurement period ended on 12/31/17; 1,989 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; 3,050 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; and 3,631 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18.
- [F6]Total amount includes 1,989 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; 3,050 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; and 3,631 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18.
- [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 2/13/18 and will vest on 2/13/21.
- [F8]Total amount includes 903 RSRs granted under the LTISP on 2/13/18 that will vest on 2/13/21; 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; and 409 RSRs granted under the LTISP on 2/18/15 that will vest on 2/18/18.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001668228
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 5:38 PM ET
- Size
- 14.8 KB