SEC Form 4 · accession 0001225208-18-004294
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
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 9:07 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 | 29,385 | D | |
| Common StockF2 | Feb 22, 2018 | F | 148 | $358.69 | D | 29,237 | D | |
| Common StockF3 | holding | — | — | — | 11,027 | 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 UnitsF5,F4 | — | Feb 22, 2018 | A | 3,045 | A | — | Feb 22, 2021 | Common Stock | 3,045 | 3,045 | D |
Explanation of responses
- F1Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on January 26, 2017 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. The balance of the RSUs remain subject to continued vesting.
- 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.
- F5Award 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.