SEC Form 4 · accession 0001225208-19-003969
LOCKHEED MARTIN CORP · LMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Mollard
Officer — Vice President & Treasurer
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 5:00 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 26, 2019 | M | 1,335 | $0.00 | A | 5,083 | D | |
| Common StockF2 | Feb 26, 2019 | A | 370 | $305.88 | A | 5,453 | D | |
| Common StockF3,F4 | Feb 26, 2019 | F | 747 | $305.88 | D | 4,706 | D | |
| Common StockF5 | holding | — | — | — | 218 | 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 UnitsF6 | — | Feb 26, 2019 | M | 1,335 | D | — | Feb 26, 2019 | Common Stock | 1,335 | 0 | D |
Explanation of responses
- F1Each restricted stock unit granted on February 26, 2016 was the economic equivalent of one share of LMT common stock.
- F2Shares acquired upon settlement of performance stock units granted on February 26, 2016, following the end of a three-year performance period 2016-2018 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.
- F3Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting of stock units which is exempt under Rule 16b-3.
- F4End of period holdings include additional acquisitions through dividend reinvestment.
- F5End of period holdings include additional acquisitions under the Plan.
- F6Each restricted stock unit represents a contingent right to receive one share of LMT common stock.