ERVIN GARY W. 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Feb 24, 2012
Insider Transaction Report
Form 4
ERVIN GARY W.
Corp VP & Pres Aerospace Sys
Transactions
- Discretionary Transaction
SEP Units
2012-02-23−12,501.009→ 0 totalExercise: $59.62→ Common Stock (12,501.009 underlying)
Footnotes (2)
- [F1]SEP units credited under the Northrop Grumman Savings Excess Plan (the "SEP Plan"), a non-qualified deferred compensation plan, as of February 23, 2012. The value of each unit is based on the price of Issuer common stock, although share totals with respect to the SEP Plan are based upon unit accounting and therefore may reflect a decrease in units attributable to an individual though no disposition occurred.
- [F2]SEP units are payable in cash following termination of the Reporting Person's employment with the Issuer.