Heath Ralph D 4

4 · LOCKHEED MARTIN CORP · Filed Jan 30, 2012

Insider Transaction Report

Form 4

Period: 2012-01-26

LOCKHEED MARTIN CORPLMT

Heath Ralph D

Executive Vice President

Transactions

Exercise/Conversion
Common Stock
2012-01-26+36,150→ 54,828.928 total
Tax Payment
Common Stock
2012-01-26$82.47/sh−12,235$1,009,020→ 42,593.928 total
Award
Phantom Stock Units
2012-01-26+4,568.14→ 28,954.256 total(indirect: Lockheed Martin LTIP)
→ Common Stock (4,568.14 underlying)
Exercise/Conversion
Restricted Stock Units
2012-01-26−36,150→ 0 total
Exp: 2012-01-26→ Common Stock (36,150 underlying)

Holdings

Phantom Stock Units
(indirect: LM Supplemental SSP)
→ Common Stock (2,852.418 underlying)
2,852.418
Common Stock
(indirect: Lockheed Martin Salaried Savings Plan)
2,009.006
Phantom Stock Units
(indirect: Lockheed Martin DMICP)
→ Common Stock (7,762.349 underlying)
7,762.349

Footnotes (8)

[F1]Each restricted stock unit granted on January 26, 2009 was the economic equivalent of one share of LMT common stock.
[F2]Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock units exempt under Rule 16b-3.
[F3]End of period holdings include additional shares acquired through dividend reinvestment.
[F4]Shares previously acquired under the Lockheed Martin Salaried Savings Plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service, and additional shares acquired through dividend reinvestment.
[F5]The phantom stock units convert on a 1-for-1 basis.
[F6]Phantom stock units acquired and subject to mandatory deferral under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) at $80.90 which will be settled in cash after two years subject to continued employment, unless voluntarily deferred (in which case the units will be settled in stock upon the reporting person's retirement or termination of service).
[F7]Phantom stock units previously acquired under the Lockheed Martin Supplemental Salaried Savings Plan exempt under Section 16(b) and will be settled upon the reporting person's retirement or termination of service.
[F8]Phantom stock units previously acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock upon the reporting person's retirement or termination of service.

Documents

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