SEC Form 4 · accession 0001225208-15-021825
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick M Dewar
Officer — Executive Vice President
Period of report
Dec 4, 2015
Accepted (ET)
Dec 7, 2015 · 6:09 pm EST
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 | Dec 4, 2015 | M | 130 | $0.00 | A | 130 | D | |
| Common Stock | Dec 4, 2015 | F | 130 | $218.39 | D | 0 | D | |
| Common StockF2 | holding | — | — | — | 183 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1 | — | Dec 4, 2015 | M | 130 | D | — | Jan 27, 2017 | Common Stock | 130 | 2,883 | D |
Explanation of responses
- F1Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units granted on January 27, 2014 with a value equal to the tax withholding obligations for the retirement-eligible Reporting Person and disposition to the Issuer of such shares to satisfy the Reporting Person's tax withholding obligations, which transaction is exempt under Rule 16b-3. Tax withholding is required following certification of a one-year performance goal for a retirement-eligible Reporting Person or when the Reporting Person becomes retirement-eligible, if later.
- F2End of period holdings include additional shares acquired through dividend reinvestment.
- F3Each restricted stock unit represents a contingent right to receive one share of LMT common stock.