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NORTHROP GRUMMAN CORP /DE/ — Director's Dealing 2010
Mar 2, 2010
29899_dirs_2010-03-02_db916179-9da4-415d-8625-906bd0e10591.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK: 0001133421
Period of Report: 2010-03-01
Reporting Person: FLACH GLORIA A (Corp VP Pres Ent Shared Servs)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 38579 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right-to-Buy) | $59.56 | 2017-02-16 | Common Stock (54550) | Direct | |
| Stock Option (Right-to-Buy) | $44.99 | 2016-02-17 | Common Stock (6536) | Direct | |
| Stock Option (Right-to-Buy) | $53.70 | 2014-10-01 | Common Stock (800) | Direct | |
| Stock Option (Right-to-Buy) | $52.485 | 2014-06-14 | Common Stock (3000) | Direct | |
| Stock Option (Right-to-Buy) | $47.11 | 2013-08-20 | Common Stock (3000) | Direct | |
| Stock Option (Right-to-Buy) | $57.40 | 2012-08-20 | Common Stock (2700) | Direct | |
| Stock Option (Right-to-Buy) | $39.28 | 2011-08-15 | Common Stock (3000) | Direct | |
| Stock Option (Right-to-Buy) | $38.13 | 2010-05-16 | Common Stock (1900) | Direct |
Footnotes
F1: Total amount includes 4,636 unvested Restricted Performance Stock Rights (RPSRs) granted under the 2001 Long-Term Incentive Stock Plan (LTISP) on 2/27/08 with a valuation of performance measurement period ("measurement period") ending on 12/31/10; 11,873 unvested RPSRs granted under the LTISP on 2/17/09 with measurement period ending on 12/31/11; and 12,900 unvested RPSRs granted under the LTISP on 2/16/10 with measurement period ending on 12/31/12. RPSR grants awarded pursuant to Rule 16b-3(d)(3).
F2: The option vests over a period of three years to the extent of one-third (33%) annual equal installments on 2/16/11, 2/16/12 and 2/16/13.
F3: The option vests over a period of three years to the extent of one-third (33%) annual equal installments on 2/17/10, 2/17/11 and 2/17/12.
F4: The option vests in four equal installments (25%) on each anniversary of grant date.
F5: The option vests on 2nd anniversary of grant date.