Peppard Denise M. 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 15, 2019
Insider Transaction Report
Form 4
Peppard Denise M.
Corp VP & Chf HR Ofcr
Transactions
- Award
Restricted Performance Stock Rights
2019-02-13+926.1→ 15,866.1 total→ Common Stock (926.1 underlying) - Exercise/Conversion
Common Stock
2019-02-13+7,100.1→ 28,792.22 total - Exercise/Conversion
Restricted Performance Stock Rights
2019-02-13−7,100.1→ 8,766 total→ Common Stock (7,100.1 underlying) - Tax Payment
Common Stock
2019-02-13−2,682→ 26,110.22 total
Footnotes (6)
- [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 2/17/16 with a valuation of performance measurement period ("measurement period") that ended 12/31/18. RPSRs to be settled at 115% of target. The shares are anticipated to be distributed into the participant's account on February 14, 2019.
- [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 applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- [F4]The RPSRs acquired include 926.10 vested RPSRs with respect to the measurement period ended 12/31/18 acquired due to settlement of the 2016 RPSRs held at 115% of the target award.
- [F5]Total amount includes 7,100.10 vested RPSRs granted under the LTISP on 2/17/16 with a measurement period ending on 12/31/18; 3,580 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; and 5,186 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19.
- [F6]Total amount includes 3,580 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; and 5,186 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19.