4//SEC Filing
Pamiljans Janis G 4
Accession 0001225208-20-002416
CIK 0001133421other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 7:26 PM ET
Size
20.7 KB
Accession
0001225208-20-002416
Insider Transaction Report
Form 4
Pamiljans Janis G
Corp VP & President AS Systems
Transactions
- Exercise/Conversion
Common Stock
2020-02-12+11,180.05→ 16,312.2 total - Exercise/Conversion
Common Stock
2020-02-12+3,572→ 19,884.2 total - Tax Payment
Common Stock
2020-02-12−6,912→ 12,972.2 total - Award
Restricted Performance Stock Rights
2020-02-12+9,580.05→ 36,760.05 total→ Common Stock (9,580.05 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2020-02-12−3,572→ 33,188.05 total→ Common Stock (3,572 underlying) - Exercise/Conversion
Restricted Performance Stock Rights
2020-02-12−11,180.05→ 22,008 total→ Common Stock (11,180.05 underlying) - Award
Restricted Stock Rights
2020-02-12+3,959→ 11,715 total→ Common Stock (3,959 underlying)
Holdings
- 6,573.369(indirect: Held in Northrop Grumman Savings & Investment Plan)
Common Stock
Footnotes (11)
- [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 2/17/17 with a valuation of performance measurement period ("measurement period") that ended 12/31/19. RPSRs to be settled at 119% of target. The shares are anticipated to be distributed into the participant's account on February 14, 2020.
- [F10]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 2/12/20. 1,414 of the RSRs will vest on 12/31/21 and 2,515 will vest on 2/12/23.
- [F11]Total amount includes 2,545 RSRs granted under the LTISP on 2/12/20 that will vest on 2/13/23; 1,414 RSRs granted under the LTISP on 2/12/20 that will vest on 12/31/21; 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 765 RSRs granted under the LTISP on 2/17/17 that will vest on 2/18/20.
- [F2]Shares expected to be issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/17/17 with a valuation of performance measurement period ("measurement period") that ended 12/31/19. RPSRs to be settled at 200% of target. The shares are anticipated to be distributed into the participant's account on February 14, 2020.
- [F3]Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e)
- [F4]Held in the Northrop Grumman Savings and Investment Plan (the "Plan"), a qualified profit sharing plan, as of February 12, 2020. Share totals with respect to the Plan are based upon unit accounting and therefore may reflect a change in units attributable to an individual though no acquisition or disposition occurred.
- [F5]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).
- [F6]The RPSRs acquired include (i) 1,786 vested RPSRs with respect to the measurement period ended 12/31/19 acquired due to settlement of the 2017 RPSRs held at 200% of the target award; (ii) 1,785.05 vested RPSRs with respect to the measurement period ended 12/31/19 acquired due to settlement of the 2017 RPSRs held at 119% of the target award; and (iii) 6,009 unvested RPSRs granted under the LTISP on 2/12/20 with a measurement period ending on 12/31/22.
- [F7]Total amount includes 6,009 RPSRs granted on 2/12/20 with a measurement period ending on 12/31/22; 9,038 RPSRs granted on 2/13/19 with a measurement period ending on 12/31/21; 6,961 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; 11,180.05 RPSRs granted under the LTISP on 4/1/17 with a measurement period ended on 12/31/19; and 3,572 vested RPSRs granted under the LTISP on 2/17/17 with a measurement period ended on 12/31/19.
- [F8]Total amount includes 6,009 RPSRs granted on 2/12/20 with a measurement period ending on 12/31/22; 9,038 RPSRs granted on 2/13/19 with a measurement period ending on 12/31/21; 6,961 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; and 11,180.05 RPSRs granted on 4/1/17 with a measurement period ended on 12/31/19.
- [F9]Total amount includes 6,009 RPSRs granted on 2/12/20 with a measurement period ending on 12/31/22; 9,038 RPSRs granted on 2/13/19 with a measurement period ending on 12/31/21; and 6,961 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001701037
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 7:26 PM ET
- Size
- 20.7 KB