SEC Form 4 · accession 0001104659-17-013082
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
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 4:48 pm 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 StockF1 | Feb 27, 2017 | A | 5,347 | $0.00 | A | 38,906 | D | |
| Common StockF2 | holding | — | — | — | 19,000 | I | By Family Trust | |
| Common StockF3 | holding | — | — | — | 631 | I | By Spousal Trust | |
| Common StockF4 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $93.51 | Feb 27, 2017 | A | 10,216 | A | — | Feb 27, 2027 | Common Stock | 10,216 | 10,216 | D |
Explanation of responses
- F115,769 of these shares are subject to certain restrictions including possible forfeiture under Orbital ATK, Inc.'s stock incentive plans.
- F2These 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.
- F3These shares are held in a trust of which the reporting person's spouse is the trustee and the reporting person is the beneficiary.
- F4These shares represent the reporting person's proportional interest as a beneficiary of a family trust.
- F5Options become exercisable in three equal annual installments beginning February 27, 2018.