SEC Form 4 · accession 0001209191-16-127596
HUNTINGTON INGALLS INDUSTRIES, INC. · HII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul D. Miller
Director
Period of report
Jun 10, 2016
Accepted (ET)
Jun 14, 2016 · 2:31 pm EDT
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 | Jun 10, 2016 | A | 44 | $163.16 | A | 14,467 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Huntington Ingalls Industries, Inc. paid a cash dividend of $0.50 per share of common stock on June 10, 2016. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were deferred into a stock unit account in a transaction exempt by Rule 16b-3.
- F2Original Form 4 reported dividend accretions to an award under the 2012 Long-Term Incentive Stock Plan; however, the award and all potential dividend accretions are contingent being subject to the meeting of certain performance goals which are not determinable until 2015. Thus this amendment withdraws the erroneous reporting of these dividend accretions.
- F3Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2011 and 2012 Long-Term Incentive Stock Plans. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.