8-KOther EventsExhibits & Filings

NORTHROP GRUMMAN CORP /DE/ 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Nov 3, 2006)

Filed November 3, 2006For Securities:NOC

Summary

Northrop Grumman Corporation (NOC) has filed an 8-K report dated November 3, 2006, to disclose a temporary suspension of trading under its employee benefit plans. This action, commonly known as a "blackout period," is necessary due to a change in the record keeper for the Northrop Grumman Savings Plan. This will impact directors and executive officers, prohibiting them from making any transactions involving the company's common stock or related equity securities held within the plan during the specified period. Investors should note that this event primarily affects internal plan administration and the trading activities of company insiders. The blackout period is scheduled to commence at 4:00 p.m. EST on December 20, 2006, and will conclude on December 31, 2006. While this does not directly impact the company's operational or financial performance, it's crucial for insiders to be aware of and comply with these trading restrictions.

Key Highlights

  • 1Northrop Grumman is implementing a temporary "blackout period" for its employee benefit plans.
  • 2The blackout period is a result of a change in the record keeper for the Northrop Grumman Savings Plan.
  • 3This restriction applies to directors and executive officers of the company.
  • 4During the blackout period, insiders are prohibited from trading company common stock or related equity securities held within the plan.
  • 5The trading suspension is scheduled from December 20, 2006 (4:00 p.m. EST) through December 31, 2006.
  • 6The company is providing advance notice to its directors and executive officers about these restrictions.

Frequently Asked Questions

A blackout period is a temporary restriction placed on the ability of participants in an employee benefit plan, such as directors and executive officers, to engage in transactions with their plan investments. This is typically implemented during significant plan changes, such as a change in record keeper, to ensure accurate record-keeping and prevent potential trading errors.

The blackout period specifically affects Northrop Grumman's directors and executive officers who hold company common stock or related equity securities within the Northrop Grumman Savings Plan.

The blackout period is necessary because Northrop Grumman is changing the record keeper for its Savings Plan. This administrative change requires a temporary suspension of trading to ensure a smooth transition and accurate data for all participants.

No, this blackout period only affects transactions within the Northrop Grumman Savings Plan for directors and executive officers. If you own Northrop Grumman stock through a personal brokerage account or other means outside of this specific employee benefit plan, your ability to trade that stock is not impacted by this filing.