SEC Form 4 · accession 0001225208-18-001948
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marillyn A Hewson
Officer — Chairman, Pres. & CEO · Director
Period of report
Jan 29, 2018
Accepted (ET)
Jan 31, 2018 · 5:49 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 Stock | Nov 24, 2017 | G | 3,500 | $0.00 | D | 80,478 | D | |
| Common StockF1 | Jan 29, 2018 | A | 42,745 | $351.42 | A | 123,223 | D | |
| Common StockF2 | Jan 29, 2018 | M | 16,679 | $0.00 | A | 139,902 | D | |
| Common StockF3 | Jan 29, 2018 | F | 28,162 | $351.42 | D | 111,740 | D | |
| Common StockF4 | Jan 30, 2018 | S | 4,036 | $347.2099 | D | 108,712 | D | |
| Common StockF5,F6 | Jan 30, 2018 | S | 14,964 | $346.611 | D | 93,748 | D | |
| Common StockF6 | holding | — | — | — | 455 | 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 UnitsF7 | — | Jan 29, 2018 | M | 16,679 | D | — | Jan 29, 2018 | Common Stock | 16,679 | 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.
- F4The price represents the weighted average sale price of $347.2099. Sale prices ranged from $347.01 to $347.50. 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.
- F5The price represents the weighted average sale price of $346.611. Sale prices ranged from $346.10 to $346.97. 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.
- F6End of period holdings include additional acquisitions through dividend reinvestment.
- F7Each restricted stock unit represents a contingent right to receive one share of LMT common stock.