Bostic Mark R 4
4 · LOCKHEED MARTIN CORP · Filed Feb 3, 2010
Insider Transaction Report
Form 4
Bostic Mark R
VP and Acting Controller & CAO
Transactions
- Award
Employee Stock Option (Right-to-buy)
2010-02-01+5,700→ 5,700 totalExercise: $74.89From: 2011-02-01Exp: 2020-01-31→ Common Stock (5,700 underlying) - Award
Restricted Stock Units
2010-02-01+1,602→ 1,602 totalExercise: $0.00Exp: 2013-02-01→ Common Stock (1,602 underlying)
Footnotes (3)
- [F1]The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on February 1, 2011.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of LMT common stock.
- [F3]The RSUs are subject to a one-year performance period. If the value of the RSUs on the date of grant exceeds the performance goal specified in the award agreement, a number of RSUs equal in value to the performance shortfall is forfeited. Subject to the performance goal, the RSUs vest on February 1, 2013, the third anniversary of the date of the grant.