LOCKHEED MARTIN CORP 4
4 · LOCKHEED MARTIN CORP · Filed Feb 1, 2012
Insider Transaction Report
Form 4
MCCORKINDALE DOUGLAS H
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2012-01-30+5,203→ 5,203 totalExercise: $82.01Exp: 2022-01-28→ Common Stock (5,203 underlying) - Award
Phantom Stock Units
2012-01-30+670.65→ 9,444.274 total(indirect: Lockheed Martin Directors Equity Plan)→ Common Stock (670.65 underlying)
Holdings
- 12,735.195(indirect: Lockheed Martin Directors Deferred Comp Plan)
Phantom Stock Units
→ Common Stock (12,735.195 underlying)
Footnotes (5)
- [F1]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 stock options 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.
- [F2]The phantom stock units convert on a 1-for-1 basis.
- [F3]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 $82.01 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.
- [F4]End of period holdings include phantom stock units acquired through dividend reinvestment.
- [F5]Phantom stock units previously acquired under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b). Units are settled upon the reporting person's retirement or termination of service.