SEC Form 4 · accession 0001225208-15-006483
NORTHROP GRUMMAN CORP /DE/ · NOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F Palmer
Officer — Corp. VP & CFO
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 3:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001133421
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 27, 2015 | M | 20,253 | $0.00 | A | 284,344 | D | |
| Common StockF1 | Feb 27, 2015 | F | 8,497 | $165.71 | D | 275,847 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock RightsF3,F2 | — | Feb 27, 2015 | M | 20,253 | D | — | — | Common Stock | 20,253 | 24,719 | D |
Explanation of responses
- F1Shares surrendered to issuer in payment of tax liability in connection with vesting of Restricted Stock Right ("RSRs") in accordance with Rule 16b-3(e).
- F2Each 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.
- F3Total amount includes 8,820 RSRs granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/19/14 that will vest on 2/19/17 and 15,899 RSRs granted under the LTISP on 2/20/13 that will vest on 2/20/16.