SEC Form 4 · accession 0001104659-16-109354
Northrop Grumman Innovation Systems, Inc. · OA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Blake E Larson
Officer — Chief Operating Officer
Period of report
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 5:32 pm EDT
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 StockF1,F2 | Mar 31, 2016 | M | 5,786 | — | A | 35,545 | D | |
| Common StockF2 | Mar 31, 2016 | F | 1,986 | $86.94 | D | 33,559 | D | |
| Common StockF4 | holding | — | — | — | 19,000 | I | By Family Trust | |
| Common StockF5 | holding | — | — | — | 631 | I | By Spousal Trust | |
| Common StockF6 | holding | — | — | — | 184 | I | By Family Trust |
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 | — | Mar 31, 2016 | M | 5,786 | D | Mar 31, 2016 | Mar 31, 2016 | Common Stock | 5,786 | 0 | D |
Explanation of responses
- F1Restricted Stock Units converted into common stock on a one-for-one basis at the end of the three-fiscal-year period.
- F210,422 of these shares are subject to certain restrictions including possible forfeiture under the Issuer's stock incentive plans.
- F3Shares withheld to pay taxes applicable to the vesting of Restricted Stock Units.
- F4These shares are held in a family trust, of which the reporting person's spouse and children are the beneficiaries and the reporting person is the settlor and trustee.
- F5These shares are held in a trust of which the reporting person's spouse is the trustee and the reporting person is the beneficiary.
- F6These shares represent the reporting person's proportional interest as a beneficiary of a family trust.