SEC Form 4 · accession 0001225208-15-010426
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas H McCorkindale
Director
Period of report
Apr 23, 2015
Accepted (ET)
Apr 27, 2015 · 6:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000936468
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 23, 2015 | M | 12,408 | $0.00 | A | 14,580 | D | |
| Common Stock | Apr 23, 2015 | D | 920 | $197.20 | D | 13,660 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F3,F2 | — | Apr 23, 2015 | M | 12,408 | D | — | — | Common Stock | 12,408 | 231 | I |
| Phantom Stock UnitsF3,F2,F4 | — | holding | — | — | — | — | — | Common Stock | 14,430 | 14,430 | I |
Explanation of responses
- F1Each phantom stock unit was the economic equivalent of one share of LMT common stock. On April 23, 2015, the reporting person's phantom stock units were settled for cash, and the remaining 11,488 were settled for an equal number of LMT common stock at $197.20 per share.
- F2The phantom stock units convert on a 1-for-1 basis.
- F3End of period holdings include additional phantom stock units acquired through dividend reinvestment under the Plan. Phantom stock units were previously acquired under the Plan exempt under Section 16(b). Units will be settled on or about July 15, 2015.
- F4Phantom stock units previously acquired under the Plan exempt under Section 16(b). Units will be settled on or about July 15, 2015.