Sec Form 4 Filing - Kalan Lesley A @ NORTHROP GRUMMAN CORP /DE/ - 2019-02-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Kalan Lesley A
2. Issuer Name and Ticker or Trading Symbol
NORTHROP GRUMMAN CORP /DE/ [ NOC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Corp VP, Government Relations
(Last) (First) (Middle)
2980 FAIRVIEW PARK DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
02/13/2019
(Street)
FALLS CHURCH, VA22042
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/13/2019 M 3,353.56 ( 1 ) A $ 0 14,105.89 D
Common Stock 02/13/2019 F 1,019 ( 2 ) D $ 0 13,086.89 D
Common Stock 25 I By spouse and mother-in-law
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Performance Stock Rights ( 3 ) 02/13/2019 A 5,774.56 ( 4 ) ( 3 ) ( 3 ) Common Stock 5,774.56 $ 0 12,751.56 ( 5 ) D
Restricted Performance Stock Rights ( 3 ) 02/13/2019 M 3,353.56 ( 1 ) ( 3 ) ( 3 ) Common Stock 3,353.56 $ 0 9,398 ( 6 ) D
Restricted Stock Rights ( 7 ) 02/13/2019 A 1,751 ( 7 ) ( 7 ) Common Stock 1,751 $ 0 4,822 ( 8 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kalan Lesley A
2980 FAIRVIEW PARK DRIVE
FALLS CHURCH, VA22042
Corp VP, Government Relations
Signatures
/s/ Jennifer C. McGarey, Attorney-in-Fact 02/15/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares expected to be issued in settlement of Restricted Performance Stock Rights ("RPSRs") granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/17/16 with a valuation of performance measurement period ("measurement period") that ended 12/31/18. RPSRs to be settled at 196% of target. The shares are anticipated to be distributed into the participant's account on February 14, 2019.
( 2 )Shares surrendered to issuer in payment of tax liability in connection with settlement of RPSRs in accordance with Rule 16b-3(e)
( 3 )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 applicable performance metric is satisfied for the relevant measurement period. Grants awarded pursuant to Rule 16b-3(d).
( 4 )The RPSRs acquired include (i) 1,642.56 vested RPSRs with respect to the measurement period ended 12/31/18 acquired due to settlement of the 2016 RPSRs held at 196% of the target award and (ii) 4,132 unvested RPSRs granted under the LTISP on 2/13/19 with a measurement period ending on 12/31/21.
( 5 )Total amount includes 3,353.56 vested RPSRs granted under the LTISP on 2/17/16 with a measurement period ending on 12/31/18; 4,132 RPSRs granted on 2/13/19 with a measurement period ending on 12/31/21; 3,182 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; and 2,084 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19.
( 6 )Total amount includes 4,132 RPSRs granted on 2/13/19 with a measurement period ending on 12/31/21; 3,182 RPSRs granted on 2/13/18 with a measurement period ending on 12/31/20; and 2,084 RPSRs granted on 2/17/17 with a measurement period ending on 12/31/19.
( 7 )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 2/13/19 and will vest on 2/13/22.
( 8 )Total amount includes 1,751 RSRs granted under the LTISP on 2/13/19 that will vest on 2/13/22; 1,445 RSRs granted under the LTISP on 2/13/18 that will vest on 2/13/21; 893 RSRs granted under the LTISP on 2/17/17 that will vest on 2/17/20; and 733 RSRs granted under the LTISP on 2/17/16 that will vest on 2/17/19.

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