SEC Form 4 · accession 0001225208-18-016497
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce L Tanner
Officer — Executive VP & CFO
Period of report
Dec 7, 2018
Accepted (ET)
Dec 11, 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 StockF1 | Dec 7, 2018 | M | 165 | $0.00 | A | 68,737 | D | |
| Common StockF2 | Dec 7, 2018 | F | 165 | $285.40 | D | 68,572 | D | |
| Common StockF3 | holding | — | — | — | 2,528 | 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 | — | Dec 7, 2018 | M | 165 | D | — | Feb 22, 2021 | Common Stock | 165 | 3,642 | D |
Explanation of responses
- F1Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 22, 2018 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.
- F3Includes additional shares acquired under the Lockheed Martin Corporation Salaried Savings Plan.
- F4Each restricted stock unit represents a contingent right to receive one share of LMT common stock.