LOCKHEED MARTIN CORP 4
4 · LOCKHEED MARTIN CORP · Filed Aug 5, 2015
Insider Transaction Report
Form 4
Carlson Bruce A
Director
Transactions
- Award
Phantom Stock Units
2015-08-03+312.816→ 312.816 total(indirect: Lockheed Martin Directors Equity Plan)→ Common Stock (312.816 underlying)
Footnotes (2)
- [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 phantom stock units in accordance with the plan, which award is exempt under Rule 16b-3. The Reporting Person joined the Board of Directors effective July 1, 2015. Accordingly, under the terms of the plan, he received a prorated award. The phantom stock units were acquired at $207.79 per share and vest 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.