SEC Form 4 · accession 0001104659-15-012429
Northrop Grumman Innovation Systems, Inc. · OA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neal S Cohen
Officer — Former EVP and CFO
Period of report
Feb 9, 2015
Accepted (ET)
Feb 20, 2015 · 9:12 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000866121
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 Stock UnitsF1 | — | Feb 9, 2015 | A | 17,432 | A | Mar 31, 2015 | Mar 31, 2015 | Common Stock | 17,432 | 17,432 | D |
| Restricted Stock UnitsF1 | — | Feb 9, 2015 | A | 9,122 | A | Mar 31, 2016 | Mar 31, 2016 | Common Stock | 9,122 | 9,122 | D |
| Restricted Stock UnitsF1 | — | Feb 9, 2015 | A | 3,748 | A | Mar 31, 2017 | Mar 31, 2017 | Common Stock | 3,748 | 3,748 | D |
| Employee Stock Option (right to buy)F3,F4 | $26.2528 | holding | — | — | — | — | Mar 6, 2022 | Common Stock | 23,256 | 23,256 | D |
| Employee Stock Option (right to buy)F5,F6 | $30.4041 | holding | — | — | — | — | Mar 5, 2023 | Common Stock | 20,775 | 20,775 | D |
| Employee Stock Option (right to buy)F7,F8 | $61.6541 | holding | — | — | — | — | Mar 11, 2024 | Common Stock | 5,529 | 5,529 | D |
Explanation of responses
- F11-for-1.
- F2In connection with the spin-off (Spin-off) of Vista Outdoor Inc. from Alliant Techsystems Inc. (ATK) and pursuant to the terms of the Transaction Agreement relating to the Spin-off, Performance Awards under ATK's 2005 Stock Incentive Plan, which would have been payable following the three-year performance period ending on the vesting date and based upon achievement of certain performance levels, converted to time-vested Restricted Stock Units.
- F3This option was previously reported as an option for 23,256 shares of common stock at an exercise price of $56.79 per share but was adjusted as a result of the Spin-off.
- F4Three annual installments beginning 3/6/13.
- F5This option was previously reported as an option for 20,775 shares of common stock at an exercise price of $65.77 per share but was adjusted as a result of the Spin-off.
- F6Three annual installments beginning 3/5/14.
- F7This option was previously reported as an option for 5,529 shares of common stock at an exercise price of $133.37 per share but was adjusted as a result of the Spin-off.
- F8Three annual installments beginning 3/11/15.