SEC Form 4 · accession 0001225208-15-010427
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maryanne Lavan
Officer — SVP & General Counsel
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 Stock | Apr 23, 2015 | M | 11,000 | $82.01 | A | 15,836 | D | |
| Common Stock | Apr 23, 2015 | M | 8,000 | $79.60 | A | 23,836 | D | |
| Common StockF1 | Apr 23, 2015 | S | 4,500 | $197.8666 | D | 19,336 | D | |
| Common StockF2 | Apr 23, 2015 | S | 19,000 | $197.6557 | D | 336 | D | |
| Common StockF3 | holding | — | — | — | 596 | I | Lockheed Martin Salaried Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right-to-buy)F4 | $82.01 | Apr 23, 2015 | M | 11,000 | D | Jan 30, 2013 | Jan 28, 2022 | Common Stock | 11,000 | 8,202 | D |
| Employee Stock Option (Right-to-buy)F4 | $79.60 | Apr 23, 2015 | M | 8,000 | D | Jan 31, 2012 | Jan 29, 2021 | Common Stock | 8,000 | 6,518 | D |
Explanation of responses
- F1The price represents the weighted average sale price for multiple transactions reported on this line. Sale prices ranged from $197.61 to $198.17. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.
- F2The price represents the weighted average sale price for multiple transactions reported on this line. Sale prices ranged from $197.20 to $198.19. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.
- F3Shares previously acquired under the Lockheed Martin Salaried Savings Plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service, and additional shares acquired through dividend reinvestment.
- F4The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date.