4//SEC Filing
PALMER JAMES F 4
Accession 0001225208-13-005159
CIK 0001133421other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 9:10 PM ET
Size
15.0 KB
Accession
0001225208-13-005159
Insider Transaction Report
Form 4
PALMER JAMES F
Corp. VP & CFO
Transactions
- Exercise/Conversion
Common Stock
2013-02-20+55,299→ 171,305 total - Tax Payment
Common Stock
2013-02-20$66.04/sh−26,377$1,741,937→ 144,928 total - Exercise/Conversion
Restricted Performance Stock Rights
2013-02-20−55,299→ 105,647 total→ Common Stock (55,299 underlying) - Award
Restricted Performance Stock Rights
2013-02-20+64,667→ 160,946 total→ Common Stock (64,667 underlying) - Award
Restricted Stock Rights
2013-02-20$66.04/sh+15,899$1,049,970→ 96,293 total→ Common Stock (15,899 underlying)
Footnotes (8)
- [F1]Shares issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2001 Long-Term Incentive Stock Plan (the "2001 LTISP") on 2/16/10 with a valuation of performance measurement period ("measurement period") ended 12/31/12. The RPSRs were settled at 160% of target.
- [F2]Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e).
- [F3]Each Restricted Performance Stock Right ("RPSR") represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the Issuer's election, cash or a combination of cash and Issuer common stock. The RPSRs vest if the applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
- [F4]The RPSRs acquired include (i) 20,737 additional vested RPSRs with respect to the measurement period ended 12/31/12 acquired due to settlement of the 2010 RPSRs held at 160% of the target award and (ii) 43,930 unvested RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/20/13 with a measurement period ending on 12/31/15.
- [F5]Total amount includes 55,299 vested RPSRs granted under the 2001 LTISP on 2/16/10 with a measurement period ended on 12/31/12; 43,930 unvested RPSRs granted under the LTISP on 2/20/13 with a measurement period ending on 12/31/15; 44,864 unvested RPSRs granted under the LTISP on 2/15/12 with a measurement period ending on 12/31/14; and 16,853 unvested RPSRs granted under the 2001 LTISP on 2/15/11 with a measurement period ending on 12/31/13.
- [F6]Total amount includes 43,930 unvested RPSRs granted under the LTISP on 2/20/13 with a measurement period ending on 12/31/15; 44,864 unvested RPSRs granted under the LTISP on 2/15/12 with a measurement period ending on 12/31/14; and 16,853 unvested RPSRs granted under the 2001 LTISP on 2/15/11 with a measurement period ending on 12/31/13.
- [F7]Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the election of the Issuer's Compensation Committee, cash or a combination of cash and Issuer common stock. The RSRs were granted under the LTISP on 2/20/13 and will vest on 2/20/16.
- [F8]Total amount includes 15,899 RSRs granted under the LTISP on 2/20/13 that will vest on 2/20/16; 17,603 RSRs granted under the LTISP on 2/15/12 that will vest on 2/15/15; 16,853 unvested RSRs granted under the 2001 LTISP on 2/15/11 that will vest on 2/15/15; and 45,938 unvested RSRs granted under the 2001 LTISP on 2/16/10 that will vest on 2/16/14.
Documents
Issuer
NORTHROP GRUMMAN CORP /DE/
CIK 0001133421
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0001013088
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 9:10 PM ET
- Size
- 15.0 KB