SEC Form 4 · accession 0001225208-18-004292
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dale P Bennett
Officer — Executive Vice President
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 9:06 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 | Feb 22, 2018 | M | 148 | $0.00 | A | 34,799 | D | |
| Common StockF2 | Feb 22, 2018 | F | 148 | $358.69 | D | 34,651 | D | |
| Common StockF3 | holding | — | — | — | 8,782 | 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 UnitsF1,F4 | — | Feb 22, 2018 | M | 148 | D | — | Jan 26, 2020 | Common Stock | 148 | 3,800 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 22, 2018 | A | 3,045 | A | — | Feb 22, 2021 | Common Stock | 3,045 | 3,045 | D |
| Phantom Stock UnitsF6,F3,F5 | — | Feb 22, 2018 | A | 658 | A | — | — | Common Stock | 658 | 10,228 | I |
| Phantom Stock UnitsF3,F7 | — | holding | — | — | — | — | — | Common Stock | 3,592 | 3,592 | I |
| Phantom Stock UnitsF3,F7 | — | holding | — | — | — | — | — | Common Stock | 3,300 | 3,300 | I |
Explanation of responses
- F1Award of restricted stock units which vests on the third anniversary of the grant date. Per the award agreement, vesting may be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible reporting persons and such vested shares shall be disposed to the Issuer for the purposes of satisfying the reporting person's tax withholding obligations, which is an exempt transaction under Rule 16b-3.
- F2Disposition 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.
- F3End of period holdings include additional acquisitions through dividend reinvestment.
- F4Each restricted stock unit represents a contingent right to receive one share of LMT common stock.
- F5The stock units convert on a 1-for-1 basis.
- F6Phantom stock units acquired at $358.69 per share through voluntary deferral under under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service.
- F7The information pertains to previously acquired stock units under the plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service.