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NORTHROP GRUMMAN CORP /DE/ — Director's Dealing 2010
Aug 4, 2010
29899_dirs_2010-08-04_ca503cae-45c8-4977-b615-77f14b7e15d1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK: 0001133421
Period of Report: 2010-08-03
Reporting Person: VICE THOMAS E (Corp VP & Pres Tech Servs)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-03 | Common Stock | A | 9000 | $58.92 | Acquired | 54063.5 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-03 | Stock Option (Right-to-Buy) | $58.92 | A | 38075 | Acquired | 2017-08-03 | Common Stock (38075) | Direct |
Footnotes
F1: Total amount includes 6,425 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; 12,177 unvested RPSRs granted under the LTISP on 2/17/09 with measurement period ending on 12/31/11; 10,319 unvested RPSRs granted under the LTISP on 2/16/10 with measurement period ending on 12/31/12; and 9,000 RPSRs granted under the LTISP on 8/3/10 with a 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 installmlents on 8/3/11, 8/3/12 and 8/3/13.