SEC Form 4 · accession 0001225208-18-001942
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Orlando D Carvalho
Officer — Executive Vice President
Period of report
Jan 29, 2018
Accepted (ET)
Jan 31, 2018 · 5:41 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 | Jan 29, 2018 | A | 11,451 | $351.42 | A | 30,916 | D | |
| Common StockF2 | Jan 29, 2018 | M | 4,497 | $0.00 | A | 35,413 | D | |
| Common StockF3,F4 | Jan 29, 2018 | F | 6,176 | $351.42 | D | 29,237 | D | |
| Common StockF4 | holding | — | — | — | 11,003 | 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 UnitsF5 | — | Jan 29, 2018 | M | 4,497 | D | — | Jan 29, 2018 | Common Stock | 4,497 | 0 | D |
Explanation of responses
- F1Shares acquired upon settlement of performance stock units granted on January 29, 2015, following the end of a three-year performance period 2015-2017 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics. The shares were acquired at $351.42 per share, the closing price of LMT on January 29, 2018.
- F2Each restricted stock unit granted on January 29, 2015 was the economic equivalent of one share of LMT common stock.
- F3Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock units which is exempt under Rule 16b-3.
- F4End of period holdings include additional acquisitions through dividend reinvestment.
- F5Each restricted stock unit represents a contingent right to receive one share of LMT common stock.