SEC Form 4 · accession 0001140361-17-023714
Northrop Grumman Innovation Systems, Inc. · OA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E McCabe
Officer — Senior VP and General Counsel
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 10:51 am 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 Stock | Jun 1, 2017 | M | 2,599 | $72.06 | A | 8,138 | D | |
| Common Stock | Jun 1, 2017 | M | 1,298 | $79.43 | A | 9,436 | D | |
| Common StockF1 | Jun 1, 2017 | S | 3,533 | $103.2363 | D | 5,903 | D |
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)F2 | $72.06 | Jun 1, 2017 | M | 2,599 | D | — | Mar 10, 2025 | Common Stock | 2,599 | 1,300 | D |
| Employee Stock Option (right to buy)F3 | $79.43 | Jun 1, 2017 | M | 1,298 | D | — | Mar 17, 2026 | Common Stock | 1,298 | 2,598 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $103.045 to $103.43. 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.
- F2Options became exercisable in three equal annual installments beginning March 10, 2016.
- F3Options became exercisable in three equal annual installments beginning March 17, 2017.