SEC Form 4 · accession 0001225208-16-025853
NORTHROP GRUMMAN CORP /DE/ · NOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Hardesty
Officer — Corp VP, Controller & CAO
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 10:42 am 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 StockF1 | Feb 5, 2016 | M | 3,834 | $0.00 | A | 16,210 | D | |
| Common StockF2 | Feb 5, 2016 | F | 1,291 | $186.49 | D | 14,919 | 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,F1 | — | Feb 5, 2016 | M | 3,834 | D | — | — | Common Stock | 3,834 | 4,441 | D |
Explanation of responses
- F1Each 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.
- F2Shares surrendered to issuer in payment of tax liability in connection with vesting of restricted stock in accordance with Rule 16b-3(e).
- F3Total amount includes 1,023 RSRs granted under the Long-Term Incentive Stock Plan ("LTISP") on 2/18/15 that will vest on 2/18/18; 1,260 RSRs granted under the LTISP on 2/19/14 that will vest on 2/19/17; and 2,158 RSRs granted under the LTISP on 2/20/13 that will vest on 2/20/16.