HII

SEC source: 0001209191-17-019537 · doc4.xml · nonDerivative · entry 2

Harker Victoria D · CIK 0001350579 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 132

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The common stock was issued to correctly implement the Reporting Person's election to receive shares of common stock rather than restricted stock units for 2017.

SEC source: 0001209191-17-019537 · doc4.xml · nonDerivative · entry 1

Harker Victoria D · CIK 0001350579 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 5,168.8645

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The common stock was issued to correctly implement the Reporting Person's election to receive shares of common stock rather than restricted stock units for 2017.

F2 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2012 Long-Term Incentive Stock Plan. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-17-019286 · doc4.xml · nonDerivative · entry 1

ERMATINGER WILLIAM R · CIK 0001515127 · Ex. VP, Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,370

F1 · price: The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions was $218.73 to $219.30. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

SEC source: 0001209191-17-019278 · doc4.xml · nonDerivative · entry 1

Smith Michael Stephen · CIK 0001668870 · Ex. VP, Strategy & Dev.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,413.006

F1 · shares: The restricted stock units were issued to correct a prior sale of restricted stock units made in connection with tax withholding obligations.

SEC source: 0001209191-17-018189 · doc4.xml · nonDerivative · entry 1

Wyatt D R · CIK 0001516245 · Corp VP & Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,590

SEC source: 0001209191-17-044090 · doc4.xml · nonDerivative · entry 1

Green Edgar A III · CIK 0001691442 · Ex VP, Pres. HII Technical Sol

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,265

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2016.

SEC source: 0001209191-17-017840 · doc4.xml · nonDerivative · entry 2

Green Edgar A III · CIK 0001691442 · Ex VP, Pres. HII Technical Sol

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,412

SEC source: 0001209191-17-017840 · doc4.xml · nonDerivative · entry 1

Green Edgar A III · CIK 0001691442 · Ex VP, Pres. HII Technical Sol

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,542

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017953 · doc4.xml · nonDerivative · entry 2

Smith Michael Stephen · CIK 0001668870 · Ex. VP, Strategy & Dev.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,294.006

SEC source: 0001209191-17-017953 · doc4.xml · nonDerivative · entry 1

Smith Michael Stephen · CIK 0001668870 · Ex. VP, Strategy & Dev.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,200.006

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017926 · doc4.xml · nonDerivative · entry 2

PETTERS C MICHAEL · CIK 0001307506 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 544,088

SEC source: 0001209191-17-017926 · doc4.xml · nonDerivative · entry 1

PETTERS C MICHAEL · CIK 0001307506 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 577,820

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017979 · doc4.xml · nonDerivative · entry 2

Wyatt D R · CIK 0001516245 · Corp VP & Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,090

SEC source: 0001209191-17-017979 · doc4.xml · nonDerivative · entry 1

Wyatt D R · CIK 0001516245 · Corp VP & Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,038

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017971 · doc4.xml · nonDerivative · entry 2

Waldman Mitchell B · CIK 0001516242 · Ex. VP-Govt & Cust Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,657

SEC source: 0001209191-17-017971 · doc4.xml · nonDerivative · entry 1

Waldman Mitchell B · CIK 0001516242 · Ex. VP-Govt & Cust Relations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,265

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017916 · doc4.xml · nonDerivative · entry 2

MULHERIN MATTHEW J · CIK 0001515123 · Ex. VP, President Newport News

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 113,813

SEC source: 0001209191-17-017916 · doc4.xml · nonDerivative · entry 1

MULHERIN MATTHEW J · CIK 0001515123 · Ex. VP, President Newport News

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 123,152

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017908 · doc4.xml · nonDerivative · entry 2

Kastner Christopher D · CIK 0001569904 · Ex. VP, Bus Dev & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,946

SEC source: 0001209191-17-017908 · doc4.xml · nonDerivative · entry 1

Kastner Christopher D · CIK 0001569904 · Ex. VP, Bus Dev & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,212

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017803 · doc4.xml · nonDerivative · entry 3

ERMATINGER WILLIAM R · CIK 0001515127 · Ex. VP, Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,370

SEC source: 0001209191-17-017803 · doc4.xml · nonDerivative · entry 2

ERMATINGER WILLIAM R · CIK 0001515127 · Ex. VP, Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,741

F2 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017783 · doc4.xml · nonDerivative · entry 2

Dickseski Jerri F · CIK 0001516246 · EX. VP, Communications

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,435

SEC source: 0001209191-17-017783 · doc4.xml · nonDerivative · entry 1

Dickseski Jerri F · CIK 0001516246 · EX. VP, Communications

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,454

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-017768 · doc4.xml · nonDerivative · entry 2

Cuccias Brian J. · CIK 0001594313 · Ex. VP & President, Ingalls

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,956

SEC source: 0001209191-17-017768 · doc4.xml · nonDerivative · entry 1

Cuccias Brian J. · CIK 0001594313 · Ex. VP & President, Ingalls

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,313

F1 · kind: The Huntington Ingalls Industries, Inc. Compensation Committee determined that all performance goals had been met for these restricted stock units, and they were issued on March 1, 2017.

SEC source: 0001209191-17-015193 · doc4.xml · nonDerivative · entry 1

Green Edgar A III · CIK 0001691442 · Ex VP, Pres. HII Technical Sol

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,118

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 18,2016.

SEC source: 0001209191-17-017803 · doc4.xml · nonDerivative · entry 1

ERMATINGER WILLIAM R · CIK 0001515127 · Ex. VP, Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,623

F1 · kind: This transaction represents a gift to a 501(c)(3) charitible foundation by the reporting person.

SEC source: 0001209191-17-010898 · doc4.xml · derivative · entry 6

PETTERS C MICHAEL · CIK 0001307506 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 59,499 shares

Expires 2017-02-28

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: This option is fully exercisable.

SEC source: 0001209191-17-010898 · doc4.xml · derivative · entry 5

PETTERS C MICHAEL · CIK 0001307506 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 202,795 shares

Expires 2017-02-16

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: This option is fully exercisable.

SEC source: 0001209191-17-010898 · doc4.xml · nonDerivative · entry 4

PETTERS C MICHAEL · CIK 0001307506 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 507,104

SEC source: 0001209191-17-010898 · doc4.xml · nonDerivative · entry 3

PETTERS C MICHAEL · CIK 0001307506 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 542,221

SEC source: 0001209191-17-010898 · doc4.xml · nonDerivative · entry 2

PETTERS C MICHAEL · CIK 0001307506 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 657,302

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-17-010898 · doc4.xml · nonDerivative · entry 1

PETTERS C MICHAEL · CIK 0001307506 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 597,803

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-17-002224 · doc4.xml · nonDerivative · entry 1

Collins Augustus L · CIK 0001689175 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 132

F1 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2012 Long-Term Incentive Stock Plan. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-17-002176 · doc4.xml · nonDerivative · entry 1

Harker Victoria D · CIK 0001350579 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 5,300.8645

F1 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2012 Long-Term Incentive Stock Plan. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-17-002103 · doc4.xml · nonDerivative · entry 1

WELCH JOHN K · CIK 0001222207 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,474.755

F1 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2012 Long-Term Incentive Stock Plan. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-17-002126 · doc4.xml · nonDerivative · entry 1

SCHIEVELBEIN THOMAS C · CIK 0001216515 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 15,003.069

F1 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2011 and 2012 Long-Term Incentive Stock Plans. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-17-002162 · doc4.xml · nonDerivative · entry 1

KELLY ANASTASI D · CIK 0001200231 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 132

F1 · shares: Shares of common stock issued pursuant to the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan ("Plan"), in an exempt transaction pursuant to Rule 16b-3. In accordance with the Plan, after the Reporting Person has received restricted stock units equal to at least five times the cash portion of their annual retainer. The Reporting Person may elect annually to receive and directly own common stock, rather than receiving a credit for restricted stock units.

SEC source: 0001209191-17-002198 · doc4.xml · nonDerivative · entry 1

FARGO THOMAS B · CIK 0001317283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,420

F1 · shares: Shares of common stock issued pursuant to the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan ("Plan"), in an exempt transaction pursuant to Rule 16b-3. In accordance with the Plan, after the Reporting Person has received restricted stock units equal to at least five times the cash portion of their annual retainer. The Reporting Person may elect annually to receive and directly own common stock, rather than receiving a credit for restricted stock units.

SEC source: 0001209191-17-002086 · doc4.xml · nonDerivative · entry 1

Wilson Stephen R · CIK 0001362352 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 829.855

F1 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2012 Long-Term Incentive Stock Plan. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-17-002240 · doc4.xml · nonDerivative · entry 1

Dickseski Jerri F · CIK 0001516246 · EX. VP, Communications

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,269

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2016.

SEC source: 0001209191-17-002213 · doc4.xml · nonDerivative · entry 1

DONALD KIRKLAND H · CIK 0001579933 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 132

F1 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2012 Long-Term Incentive Stock Plan. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-17-002141 · doc4.xml · nonDerivative · entry 1

Miller Paul D. · CIK 0001516073 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 132

F1 · shares: Shares of common stock issued pursuant to the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan ("Plan"), in an exempt transaction pursuant to Rule 16b-3. In accordance with the Plan, after the Reporting Person has received restricted stock units equal to at least five times the cash portion of their annual retainer. The Reporting Person may elect annually to receive and directly own common stock, rather than receiving a credit for restricted stock units.

SEC source: 0001209191-16-154964 · doc4.xml · nonDerivative · entry 1

Smith Michael Stephen · CIK 0001668870 · Ex. VP, Strategy & Dev.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 500.006

F1 · shares: Huntington Ingalls Industries, Inc. paid a cash dividend of $0.60 per share of common stock on December 9, 2016. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were deferred into a stock unit account in a transaction exempt by Rule 16b-3.

SEC source: 0001209191-16-155007 · doc4.xml · nonDerivative · entry 1

SCHIEVELBEIN THOMAS C · CIK 0001216515 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 14,871.069

F1 · shares: Huntington Ingalls Industries, Inc. paid a cash dividend of $0.60 per share of common stock on December 9, 2016. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2011 and 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were deferred into a stock unit account in a transaction exempt by Rule 16b-3.

F2 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2011 and 2012 Long-Term Incentive Stock Plans. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-16-154982 · doc4.xml · nonDerivative · entry 1

Harker Victoria D · CIK 0001350579 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 5,168.8645

F1 · shares: Huntington Ingalls Industries, Inc. paid a cash dividend of $0.60 per share of common stock on December 9, 2016. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were deferred into a stock unit account in a transaction exempt by Rule 16b-3.

F2 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2012 Long-Term Incentive Stock Plan. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-16-155015 · doc4.xml · nonDerivative · entry 1

WELCH JOHN K · CIK 0001222207 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,342.755

F1 · shares: Huntington Ingalls Industries, Inc. paid a cash dividend of $0.60 per share of common stock on December 9, 2016. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were deferred into a stock unit account in a transaction exempt by Rule 16b-3.

F2 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2012 Long-Term Incentive Stock Plan. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-16-154989 · doc4.xml · nonDerivative · entry 1

KELLY ANASTASI D · CIK 0001200231 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 14,871.069

F1 · shares: Huntington Ingalls Industries, Inc. paid a cash dividend of $0.60 per share of common stock on December 9, 2016. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2011 and 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were deferred into a stock unit account in a transaction exempt by Rule 16b-3.

F2 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2011 and 2012 Long-Term Incentive Stock Plans. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.

SEC source: 0001209191-16-154978 · doc4.xml · nonDerivative · entry 1

FARGO THOMAS B · CIK 0001317283 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 15,822.881

F1 · shares: Huntington Ingalls Industries, Inc. paid a cash dividend of $0.60 per share of common stock on December 9, 2015. Pursuant to the terms of the Huntington Ingalls Industries, Inc. 2011 and 2012 Long-Term Incentive Stock Plan, shares of common stock representing the dividend were deferred into a stock unit account in a transaction exempt by Rule 16b-3.

F2 · ownership.nature: Represents vested restricted stock units credited to the Reporting Person's account pursuant to Huntington Ingalls Industries, Inc.'s 2011 and 2012 Long-Term Incentive Stock Plans. Each director stock unit represents a right to receive one share of Issuer common stock (or cash equivalent value), which will generally become payable within 30 days following the date a non-employee director ceases to provide services as a member of the board of directors.