0001225208-18-003058.txt : 20180215
0001225208-18-003058.hdr.sgml : 20180215
20180215173836
ACCESSION NUMBER: 0001225208-18-003058
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180213
FILED AS OF DATE: 20180215
DATE AS OF CHANGE: 20180215
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jones Christopher T
CENTRAL INDEX KEY: 0001559104
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16411
FILM NUMBER: 18618864
MAIL ADDRESS:
STREET 1: 2980 FAIRVIEW PARK DRIVE
CITY: FALLS CHURCH
STATE: VA
ZIP: 22042
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NORTHROP GRUMMAN CORP /DE/
CENTRAL INDEX KEY: 0001133421
STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
IRS NUMBER: 800640649
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2980 FAIRVIEW PARK DRIVE
STREET 2: C/O NORTHROP GRUMMAN CORP
CITY: FALLS CHURCH
STATE: VA
ZIP: 22042
BUSINESS PHONE: 703-280-2900
MAIL ADDRESS:
STREET 1: 2980 FAIRVIEW PARK DRIVE
STREET 2: C/O NORTHROP GRUMMAN CORP
CITY: FALLS CHURCH
STATE: VA
ZIP: 22042
FORMER COMPANY:
FORMER CONFORMED NAME: NNG INC
DATE OF NAME CHANGE: 20010129
4
1
doc4.xml
X0306
4
2018-02-13
0001133421
NORTHROP GRUMMAN CORP /DE/
NOC
0001559104
Jones Christopher T
2980 FAIRVIEW PARK DRIVE
FALLS CHURCH
VA
22042
1
Corp VP & Pres Tech Svcs
Common Stock
2018-02-13
4
M
0
16275.0000
0.0000
A
74460.6490
D
Common Stock
2018-02-13
4
F
0
7299.0000
0.0000
D
67161.6490
D
Common Stock
1667.0680
I
Held in Northrop Grumman Savings & Investment Plan
Restricted Performance Stock Rights
2018-02-13
4
A
0
11391.0000
0.0000
A
Common Stock
11391.0000
42287.0000
D
Restricted Performance Stock Rights
2018-02-13
4
M
0
16275.0000
0.0000
D
Common Stock
16275.0000
26012.0000
D
Restricted Stock Rights
2018-02-13
4
A
0
2710.0000
0.0000
A
Common Stock
2710.0000
16597.0000
D
Shares expected to be issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/18/15 with a valuation of performance measurement period ("measurement period") that ended 12/31/17. RPSRs to be settled at 150% of target. The shares are anticipated to be distributed into the participant's account on February 22, 2018.
Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e).
Held in the Northrop Grumman Savings and Investment Plan (the "Plan"), a qualified profit sharing plan, as of February 9, 2018. Share totals with respect to the Plan are based upon unit accounting and therefore may reflect a decrease in units attributable to an individual though no disposition occurred.
Each 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 application performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
The RPSRs acquired include (i) 5,425 vested RPSRs with respect to the measurement period ended 12/31/17 acquired due to settlement of the 2015 RPSRs held at 150% of the target award and (ii) 5,966 unvested RPSRs granted under the LTISP on 2/13/18 with a measurement period ending on 12/31/20.
Total amount includes 16,275 vested RPSRs granted under the LTISP on 2/18/15 with a measurement period ended on 12/31/17; 5,966 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; 9,151 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; and 10,895 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18.
Total amount includes 5,966 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; 9,151 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19; and 10,895 RPSRs granted on 2/17/16 with a measurement period ending on 12/31/18.
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 2/13/18 and will vest on 2/13/21.
Total amount includes 2,710 RSRs granted under the LTISP on 2/13/18 that will vest on 2/13/21; 3,827 RSRs granted under the LTISP on 2/17/17 that will vest on 2/17/20; 4,943 RSRs granted under the LTISP on 2/17/16 that will vest on 2/17/19; and 5,117 RSRs granted under the LTISP on 2/18/15 that will vest on 2/18/18.
/s/ Jennifer C. McGarey, Attorney-in-Fact
2018-02-15