4//SEC Filing
Purvis Shawn N 4
Accession 0001225208-20-002992
CIK 0001133421other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 5:55 PM ET
Size
11.1 KB
Accession
0001225208-20-002992
Insider Transaction Report
Form 4
Purvis Shawn N
CVP, President, Enterprise Svc
Transactions
- Exercise/Conversion
Common Stock
2020-02-18+427→ 4,664.42 total - Tax Payment
Common Stock
2020-02-18$372.42/sh−129$48,042→ 4,535.42 total - Exercise/Conversion
Restricted Stock Rights
2020-02-18−427→ 5,123 total→ Common Stock (427 underlying)
Holdings
- 5,002.023(indirect: By Spouse)
Common Stock
- 2,500.168(indirect: Held in Northrop Grumman Savings & Investment Plan)
Common Stock
Footnotes (6)
- [F1]In accordance with the terms of the 2011 Long-Term Incentive Stock Plan ("LTISP"), because the third anniversary of the grant (February 17, 2020) fell on a holiday, the award shares vested on February 18, 2020, the next business day. The vested award shares were valued based on the Company's closing stock price on February 18, 2020. The shares will be distributed into the participant's account on February 19, 2020.
- [F2]Shares issued upon vesting of Restricted Stock Rights ("RSRs") granted under the LTISP on 2/17/17 that vested on 2/18/2020.
- [F3]Shares surrendered to issuer in payment of tax liability in connection with vesting of RSRs 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 18, 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 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.
- [F6]Total amount includes 1,527 RSRs granted under the LTISP on 2/12/20 that will vest on 2/13/23; 1,970 RSRs granted under the LTISP on 2/13/19 that will vest on 2/13/22; and 1,626 RSRs granted under the LTISP on 2/13/18 that will vest on 2/13/21.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
Related Parties
1- filerCIK 0001725609
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 5:55 PM ET
- Size
- 11.1 KB