SEC Form 4 · accession 0001209191-16-097486
HUNTINGTON INGALLS INDUSTRIES, INC. · HII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kellye L Walker
Officer — Corp. VP and General Counsel
Period of report
Mar 13, 2015
Accepted (ET)
Feb 11, 2016 · 1:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001501585
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 13, 2015 | A | 9 | $139.93 | A | 3,040 | D | |
| Common StockF1,F2,F3 | Jun 12, 2015 | A | 10 | $118.13 | A | 3,050 | D | |
| Common StockF1,F2,F3 | Sep 11, 2015 | A | 11 | $115.54 | A | 3,061 | D | |
| Common StockF1,F2,F3,F4 | Dec 11, 2015 | A | 12 | $126.58 | A | 2,093 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEP UnitF5 | — | holding | — | — | — | — | — | Common Stock | 32 | 139 | D |
Explanation of responses
- F1During 2015 Huntington Ingalls Industries, Inc. paid cash dividends as follows: $0.40 per share of common stock on each of March 13, June 12 and September 11 and $0.50 per share on December 11. Under the terms of the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan, the Reporting Person received these dividends as shares of common stock, which, under the terms of the Plan, were deferred into a stock unit account in transactions exempt by Rule 16b-3.
- F2Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2011 and 2012 Long-Term Incentive Stock Plans, the number of shares is determined by dividing the aggregate amount of the dividend by the closing price of a share of common stock on the date of the payment of the dividend.
- F3Dividends discovered by Reporting Person in reconciliation of account
- F4Beneficially owned total as of date of filing of this Form 4.
- F5The issuer's outside administrator for the issuer's Savings Excess Plan holds issuer stock in a pooled fund as a participant investment option. Participant contributions designated for investment in issuer common stock are accounted for as units of interest in the issuer stock fund. Each unit was valued at $30.021389 as of 12/31/2015. The unit value can fluctuate with fluctuations in the value of the issuer common stock and the daily cash position of the issuer stock fund. The number of shares of issuer stock attributable to the reporting person can be determined at any time by first multiplying the number of units in the reporting person's account by the then current unit price and dividing the total by the price of the issuer common stock. As of 12/31/2015, the reporting person held an equivalent of 31.6734 shares in the issuer Savings Excess Plan. The Savings Excess plan is a "Non-Qualified Plan" as defined in 16b-3(b)(2).