Peppard Denise M. 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 22, 2018
Insider Transaction Report
Form 4
Peppard Denise M.
Corp VP & Chf HR Ofcr
Transactions
- Tax Payment
Common Stock
2018-02-18$350.36/sh−1,427$499,964→ 33,436.12 total - Exercise/Conversion
Restricted Stock Rights
2018-02-18−3,163→ 6,596 total→ Common Stock (3,163 underlying) - Exercise/Conversion
Common Stock
2018-02-18+3,163→ 34,863.12 total
Footnotes (5)
- [F1]In light of the vesting date, Sunday, February 18, 2018, 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 20, 2018, the following business day. The shares will be distributed into the participant's account on February 23, 2018.
- [F2]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the LTISP on 2/18/15 that vested on 2/18/18.
- [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 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; and 2,801 RSRs granted under the LTISP on 2/17/16 that will vest on 2/17/19.