Filing Details
- Accession Number:
- 0001209191-12-016668
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-03-07 21:21:20
- Reporting Period:
- 2012-03-05
- Filing Date:
- 2012-03-07
- Accepted Time:
- 2012-03-07 21:21:20
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1524471 | Exelis Inc. | XLS | Communications Equipment, Nec (3669) | 452083813 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1518273 | John A. Procopio | 1650 Tysons Boulevard Suite 1700 Mclean VA 22102 | Chief Human Resources Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2012-03-05 | 3,903 | $11.51 | 75,327 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2012-03-06 | 30,000 | $10.30 | 105,327 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2012-03-06 | 30,000 | $11.19 | 75,327 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2012-03-06 | 13,458 | $0.00 | 88,785 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2012-03-07 | 28,856 | $10.30 | 117,641 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2012-03-07 | 28,856 | $11.31 | 88,785 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2012-03-06 | 30,000 | $0.00 | 30,000 | $10.30 |
| Common Stock | Employee Stock Option (Right to Buy) | Acquisiton | 2012-03-06 | 102,449 | $0.00 | 102,449 | $11.19 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2012-03-07 | 28,856 | $0.00 | 28,856 | $10.30 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 28,856 | 2012-03-08 | No | 4 | M | Direct | |
| 102,449 | 2022-03-06 | No | 4 | A | Direct | |
| 0 | 2012-03-08 | No | 4 | M | Direct |
Footnotes
- Reflects the withholding of shares of Common Stock to pay the tax liability incident to the vesting of shares of restricted stock granted on March 5, 2009 under the ITT Corporation 2003 Equity Incentive Plan. Equity awards granted by ITT Corporation were converted into equity awards of Exelis Inc. in connection with the spin-off of Exelis Inc. from ITT Corporation on October 31, 2011.
- This price represents the approximate weighted average price per share of common stock (each, a "Share") of Exelis Inc. (the "Issuer"), of sales that were executed at prices ranging from $11.17 to $11.21 per Share. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of Shares sold at each price.
- Reflects an award of restricted stock units which are scheduled to vest on March 6, 2015.
- This price represents the approximate weighted average price per share Share of sales that were executed at prices ranging from $11.29 to $11.37 per Share. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of Shares sold at each price.
- These options are fully vested and exercisable.
- These options vest in three equal annual installments beginning on March 6, 2013.
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