SEC Form 4 · accession 0001209191-18-035664
HUNTINGTON INGALLS INDUSTRIES, INC. · HII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas C Schievelbein
Director
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 4:22 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 | Jun 1, 2018 | A | 0 | $264.03 | A | 15,857 | I | See footnote |
| Common Stock | holding | — | — | — | 481 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Huntington Ingalls Industries, Inc. paid a cash dividend of $0.72 per share of common stock on March 9, 2018. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were issued to the reporting person in a transaction exempt by Rule 16b-3. The reporting person received shares of common stock, rather than a cash payment for the dividend, because the shares to which the dividend relates were in the form of restricted performance stock rights (RPSRs) as of the February 23, 2018 record date. The shares underlying the RPSRs were issued to the reporting person after the record date.
- F2Represents 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.