PALMER JAMES F 4
4 · NORTHROP GRUMMAN CORP /DE/ · Filed Aug 22, 2012
Insider Transaction Report
Form 4
PALMER JAMES F
Corp. VP & CFO
Transactions
- Exercise/Conversion
Common Stock
2012-08-20$54.46/sh+97,416$5,305,275→ 201,079 total - Tax Payment
Common Stock
2012-08-20$69.75/sh−85,073$5,933,842→ 116,006 total - Exercise/Conversion
Stock Option (Right-to-buy)
2012-08-20−97,416→ 331,776 totalExercise: $54.46Exp: 2017-02-16→ Common Stock (97,416 underlying)
Footnotes (2)
- [F1]Shares surrendered to issuer in paryment of exercise price and tax liability in connection with stock option exercise in accordance with Rule 16b-3(e).
- [F2]The reporting person received two option grants at $54.46 on 2/16/10 that vest as follows: (1) 283,066 options that vest to the extent of one-half on 2/16/13 and one-half on 2/16/14; and (2) 146,126 options that vest over a period of three years to the extent of one-third annual equal installments on 2/16/11, 2/16/12 and 2/16/13.