Peppard Denise M. 4/A
4/A · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 26, 2018
Insider Transaction Report
Form 4/AAmended
Peppard Denise M.
Corp VP & Chf HR Ofcr
Transactions
- Exercise/Conversion
Common Stock
2018-02-13+10,060.5→ 38,613.12 total - Exercise/Conversion
Restricted Performance Stock Rights
2018-02-13−10,060.5→ 14,940 total→ Common Stock (10,060.5 underlying) - Tax Payment
Common Stock
2018-02-13−4,353→ 31,721.12 total
Footnotes (4)
- [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 26, 2018.
- [F2]Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e). Amendment filed to correct the number of shares surrendered.
- [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]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.