4//SEC Filing
Peppard Denise M. 4
Accession 0001225208-18-003061
CIK 0001133421other
Filed
Feb 14, 7:00 PM ET
Accepted
Feb 15, 5:38 PM ET
Size
16.4 KB
Accession
0001225208-18-003061
Insider Transaction Report
Form 4
Peppard Denise M.
Corp VP & Chf HR Ofcr
Transactions
- Exercise/Conversion
Common Stock
2018-02-13+10,060.5→ 38,613.12 total - Tax Payment
Common Stock
2018-02-13−4,374→ 31,700.12 total - Exercise/Conversion
Restricted Performance Stock Rights
2018-02-13−10,060.5→ 14,940 total→ Common Stock (10,060.5 underlying) - Sale
Common Stock
2018-02-13$335.12/sh−2,539$850,870→ 36,074.12 total - Award
Restricted Performance Stock Rights
2018-02-13+6,933.5→ 25,000.5 total→ Common Stock (6,933.5 underlying) - Award
Restricted Stock Rights
2018-02-13+1,626→ 9,759 total→ Common Stock (1,626 underlying)
Footnotes (9)
- [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 150% of target. The shares are anticipated to be distributed into the participant's account on February 22, 2018.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- [F3]Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e).
- [F4]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).
- [F5]The RPSRs acquired include (i) 3,353.50 vested RPSRs with respect to the measurement period ended 12/31/17 acquired due to settlement of the 2015 RPSRs held at 150% of the target award and (ii) 3,580 unvested RPSRs granted under the LTISP on 2/13/18 with a measurement period ending on 12/31/20.
- [F6]Total amount includes 10,060.50 vested RPSRs granted under the LTISP on 2/18/15 with a measurement period ended on 12/31/17; 3,580 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; 5,186 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; and 6,174 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18.
- [F7]Total amount includes 3,580 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; 5,186 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; and 6,174 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18.
- [F8]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.
- [F9]Total amount includes 1,626 RSRs granted under the LTISP on 2/13/18 that will vest on 2/13/21; 2,169 RSRs granted under the LTISP on 2/17/17 that will vest on 2/17/20; 2,801 RSRs granted under the LTISP on 2/17/16 that will vest on 2/17/19; and 3,163 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 0001421154
Filing Metadata
- Form type
- 4
- Filed
- Feb 14, 7:00 PM ET
- Accepted
- Feb 15, 5:38 PM ET
- Size
- 16.4 KB