4//SEC Filing
Bedingfield Kenneth L 4
Accession 0001225208-19-003280
CIK 0001133421other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 5:19 PM ET
Size
9.3 KB
Accession
0001225208-19-003280
Insider Transaction Report
Form 4
Bedingfield Kenneth L
Corp VP, Controller & CAO
Transactions
- Tax Payment
Common Stock
2019-02-19$287.35/sh−2,388$686,192→ 42,454.82 total - Exercise/Conversion
Common Stock
2019-02-19+4,943→ 44,842.82 total - Exercise/Conversion
Restricted Stock Rights
2019-02-19−4,943→ 11,137 total→ Common Stock (4,943 underlying)
Footnotes (5)
- [F1]In accordance with the terms of the 2011 Long-Term Incentive Stock Plan ("LTISP"), because the third anniversary of the grant (February 17, 2019) fell on a weekend, the award shares vested on February 19, 2019, the next business day. The vested award shares were valued based on the Company's closing stock price on February 19, 2019. The shares will be distributed into the participant's account on February 20, 2019.
- [F2]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the LTISP on 2/17/16 that vested on 2/19/19.
- [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 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 3,830 RSRs granted under the LTISP on 2/13/19 that will vest on 2/13/22; 3,161 RSRs granted under the LTISP on 2/13/18 that will vest on 2/13/21; and 4,146 RSRs granted under the LTISP on 2/17/17 that will vest on 2/17/20.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001539147
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 5:19 PM ET
- Size
- 9.3 KB