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NORTHROP GRUMMAN CORP /DE/ — Director's Dealing 2020
Feb 15, 2020
29899_dirs_2020-02-14_b70fe0b8-7c10-4da6-a123-a61e1d7fcf39.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: 2020-02-12
Reporting Person: Larson Blake E (CVP & Pres, Space Systems)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-12 | Restricted Performance Stock Rights | $ | A | 6009.0000 | Acquired | Common Stock (6009.0000) | Direct | |
| 2020-02-12 | Restricted Stock Rights | $ | A | 3959.0000 | Acquired | Common Stock (3959.0000) | Direct |
Footnotes
F1: 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).
F2: These unvested RPSRs were granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/12/20 with a measurement period ending on 12/31/22.
F3: Total amount includes 6,009 RPSRs granted on 2/12/20 with a measurement period ending on 12/31/22; 7,748 RPSRs granted on 2/13/19 with a measurement period ending on 12/31/21; and 6,642 RPSRs granted on 6/13/18 with a measurement period ending on 12/31/20.
F4: 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 2/12/20. 1,414 of the RSRs will vest on 12/31/21 and 2,515 will vest on 2/12/23.
F5: Total amount includes 2,545 RSRs granted under the LTISP on 2/12/20 that will vest on 2/13/23; 1,414 RSRs granted under the LTISP on 2/12/20 that will vest on 12/31/21; 3,283 RSRs granted under the LTISP on 2/13/19 that will vest on 2/13/22; and 2,831 RSRs granted under the LTISP on 6/13/18 that will vest on 6/13/21.