4//SEC Filing
SAVAGE FRANK 4
Accession 0001225208-10-003435
CIK 0000936468other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:11 PM ET
Size
10.6 KB
Accession
0001225208-10-003435
Insider Transaction Report
Form 4
SAVAGE FRANK
Director
Transactions
- Award
Phantom Stock Units
2010-02-01+1,468.821→ 11,300.932 total(indirect: Lockheed Martin Directors Equity Plan)Exercise: $0.00→ Common Stock (1,468.821 underlying)
Holdings
- 2,502(indirect: Lockheed Deferred Comp Plan)
Phantom Stock Units
→ Common Stock (2,502 underlying) - 1,223.322(indirect: Lockheed Martin Directors Deferred Stock Plan)
Phantom Stock Units
→ Common Stock (1,223.322 underlying) - 17,105.103(indirect: Lockheed Martin Directors Deferred Comp Plan)
Phantom Stock Units
→ Common Stock (17,105.103 underlying)
Footnotes (4)
- [F1]The phantom stock units convert on a 1-for-1 basis.
- [F2]Under the Lockheed Martin Corporation 2009 Directors Equity Plan, each non-employee director elects to receive an award of stock options or phantom stock units or a combination of stock options and phantom stock units in accordance with the plan, which awards are exempt transactions under Rule 16b-3. The phantom stock units were acquired at $74.89 per share and vest 50% on June 30 following the award date and 50% 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.
- [F3]End of period holdings include additonal phantom stock units acquired through dividend reinvestment under the Plan.
- [F4]Phantom stock units previously acquired under the Plan exempt under Section 16(b). Units are settled upon the reporting person's retirement or termination of service.
Documents
Issuer
LOCKHEED MARTIN CORP
CIK 0000936468
Entity typeother
Related Parties
1- filerCIK 0001191326
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:11 PM ET
- Size
- 10.6 KB