SEC Form 4 · accession 0001140361-16-046763
Northrop Grumman Innovation Systems, Inc. · OA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott L Webster
Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 7:39 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 Stock | Oct 28, 2015 | G | 2,393 | $0.00 | D | 14,480 | I | By Trust |
| Common Stock | Oct 28, 2015 | G | 2,393 | $0.00 | A | 3,336 | D | |
| Common Stock | Jan 1, 2016 | M | 2,245 | $28.91 | A | 5,581 | D | |
| Common Stock | Jan 1, 2016 | F | 727 | $89.34 | D | 4,854 | D | |
| Common StockF3 | Jan 4, 2016 | S | 2,519 | $88.8753 | D | 2,335 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to Buy) | $28.91 | Jan 1, 2016 | M | 2,245 | A | Jan 3, 2007 | Jan 3, 2016 | Common Stock | 2,245 | 0 | D |
Explanation of responses
- F1Shares withheld by the Issuer to satisfy exercise price.
- F2Sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3This transaction was executed at prices ranging from $88.4897 to $89.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.