SEC Form 4 · accession 0001225208-18-012262
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vicki A. Hollub
Director
Period of report
Aug 1, 2018
Accepted (ET)
Aug 3, 2018 · 4:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000936468
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F1 | — | Aug 1, 2018 | A | 239 | A | — | — | Common Stock | 239 | 239 | I |
Explanation of responses
- F1The stock units convert on a 1-for-1 basis.
- F2In accordance with the Lockheed Martin Corporation Amended and Restated Directors Equity Plan, each non-employee director receives an annual award of phantom stock units, which award is exempt under Rule 16b-3. The phantom stock units were acquired at $324.93 per share and vest on December 31 following the award date or, if earlier, upon retirement, death, disability or change in control. Settlement in cash or stock (as elected by the director) will occur upon the Reporting Person's retirement or termination of service.