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NORTHROP GRUMMAN CORP /DE/ — Director's Dealing 2010
Feb 18, 2010
29899_dirs_2010-02-18_40ed4099-e05d-4d91-9b72-52c3df65434e.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: 2010-02-16
Reporting Person: CAMERON JAMES L (Corp VP & Pres Technical Servs)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-16 | Common Stock | F | 5145 | $59.56 | Disposed | 68427 | Direct |
| 2010-02-16 | Common Stock | J | 2080 | $59.56 | Disposed | 66347 | Direct |
| 2010-02-16 | Common Stock | A | 19350 | $59.56 | Acquired | 85697 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-16 | Stock Option (Right-to-Buy) | $59.56 | A | 81800 | Acquired | 2017-02-16 | Common Stock (81800) | Direct |
Footnotes
F1: Total amount includes 11,400 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; and 17,050 unvested RPSRs granted under the 2001 LTISP on 2/17/09 with the measurement period ending 12/31/11. Grants awarded pursuant to Rule 16b-3(d).
F2: The measurement period for this installment of Restricted Performance Stock Rights (RPSRs) ended on 12/31/09, and the decrease in the number of shares represents a payout below the target for the 2009 performance period.
F3: Total amount includes 11,400 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; 17,050 unvested RPSRs granted under the 2001 LTISP on 2/17/09 with the measurement period ending 12/31/11; and 19,350 unvested RPSRs granted under the 2001 LTISP on 2/16/10 with the measurement period ending 12/31/12 . Grants awarded pursuant to Rule 16b-3(d).
F4: 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.