SEC Form 4 · accession 0001104659-15-012431
Northrop Grumman Innovation Systems, Inc. · OA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark W Deyoung
Officer — Former President and CEO · Director
Period of report
Feb 9, 2015
Accepted (ET)
Feb 20, 2015 · 9:13 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000866121
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 9, 2015 | F | 9,579 | $65.25 | D | 74,719 | D | |
| Common StockF3 | holding | — | — | — | 1,299 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4 | — | Feb 9, 2015 | A | 44,162 | A | Mar 31, 2015 | Mar 31, 2015 | Common Stock | 44,162 | 44,162 | D |
| Restricted Stock UnitsF4 | — | Feb 9, 2015 | A | 23,110 | A | Mar 31, 2016 | Mar 31, 2016 | Common Stock | 23,110 | 23,110 | D |
| Restricted Stock UnitsF4 | — | Feb 9, 2015 | A | 14,995 | A | Mar 31, 2017 | Mar 31, 2017 | Common Stock | 14,995 | 14,995 | D |
| Employee Stock Option (right to buy)F6,F7 | $26.2528 | holding | — | — | — | — | Mar 6, 2022 | Common Stock | 58,915 | 58,915 | D |
| Employee Stock Option (right to buy)F8,F9 | $30.4041 | holding | — | — | — | — | Mar 5, 2023 | Common Stock | 52,631 | 52,631 | D |
| Employee Stock Option (right to buy)F10,F11 | $61.6541 | holding | — | — | — | — | Mar 11, 2024 | Common Stock | 22,117 | 22,117 | D |
Explanation of responses
- F1Shares withheld to pay taxes for vesting of restricted stock in connection with spin-off (Spin-off) of Vista Outdoor Inc. from Alliant Techsystems Inc. (ATK) and pursuant to terms of Transaction Agreement relating to Spin-off.
- F10This option was previously reported as an option for 22,117 shares of common stock at an exercise price of $133.37 per share but was adjusted as a result of the Spin-off.
- F11Three annual installments beginning 3/11/15.
- F28,997 of these shares are subject to restrictions including possible forfeiture under ATK's 2005 Stock Incentive Plan.
- F3Based on a plan statement dated December 31, 2014.
- F41-for-1.
- F5In connection with Spin-off, and pursuant to terms of Transaction Agreement, Performance Awards under ATK's 2005 Stock Incentive Plan, which would have been payable following three-year performance period ending on vesting date and based upon achievement of certain performance levels, converted to time-vested Restricted Stock Units.
- F6This option was previously reported as an option for 58,915 shares of common stock at an exercise price of $56.79 per share but was adjusted as a result of the Spin-off.
- F7Three annual installments beginning 3/6/13.
- F8This option was previously reported as an option for 52,631 shares of common stock at an exercise price of $65.77 per share but was adjusted as a result of the Spin-off.
- F9Three annual installments beginning 3/5/14.