SEC Form 4 · accession 0001225208-18-015065
NORTHROP GRUMMAN CORP /DE/ · NOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann M Addison
Officer — Corporate Vice President
Period of report
Oct 30, 2018
Accepted (ET)
Nov 1, 2018 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001133421
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Performance Stock RightsF2,F1 | — | Oct 30, 2018 | A | 2,616 | A | — | — | Common Stock | 2,616 | 2,616 | D |
| Restricted Stock RightsF4,F3 | — | Oct 30, 2018 | A | 6,037 | A | — | — | Common Stock | 6,037 | 6,037 | D |
Explanation of responses
- F1Each Restricted Performance Stock Right ("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 application performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- F2The RPSRs were granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 10/30/18 with a measurement period ending on 12/31/20.
- F3Each 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.
- F4Total amount acquired includes (i) 891 unvested RSRs granted under the LTISP on 10/30/18 that will vest on 10/30/2021; and (ii) 5,146 unvested RSRs granted under the LTISP on 10/30/18 that will vest on 10/30/19. Grants awarded pursuant to Rule 16b-3(d).