LOCKHEED MARTIN CORP 4

Accession 0001225208-16-025368

$LMTCIK 0000936468operating

View on SEC.gov Company Profile

Filed

Feb 1, 7:00 PM ET

Accepted

Feb 2, 6:01 AM ET

Size

17.9 KB

Accession

0001225208-16-025368

Insider Transaction Report

Form 4

Period: 2016-01-28

LOCKHEED MARTIN CORPLMT

Edwards Richard H

Executive Vice President

Transactions

Exercise/Conversion
Common Stock
2016-01-28+7,565→ 36,774.51 total
Exercise/Conversion
Common Stock
2016-01-28+152→ 36,926.51 total
Award
Common Stock
2016-01-28+28,179→ 29,209.51 total
Tax Payment
Common Stock
2016-01-28−14,273→ 22,653.51 total
Exercise/Conversion
Restricted Stock Units
2016-01-28−7,565→ 0 total
Exp: 2016-01-28→ Common Stock (7,565 underlying)
Award
Restricted Stock Units
2016-01-28+3,656→ 3,656 total
Exp: 2019-01-28→ Common Stock (3,656 underlying)
Exercise/Conversion
Restricted Stock Units
2016-01-28−152→ 3,748 total
Exp: 2018-01-29→ Common Stock (152 underlying)

Holdings

Common Stock
(indirect: Lockheed Martin Salaried Savings Plan)
4,805.611

Footnotes (7)

[F1]Represents shares acquired upon settlement of performance stock units (PSUs) granted on January 28, 2013 following the end of a three-year performance period 2013-2015 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics. The shares were acquired at $206.66 per share based on the LMT closing price on January 28, 2016.
[F2]Each restricted stock unit granted on January 28, 2013 was the economic equivalent of one share of LMT common stock.
[F3]Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units granted on January 29, 2015 with a value equal to the tax withholding obligations for the retirement-eligible Reporting Person and disposition to the Issuer of such shares to satisfy the Reporting Person's tax withholding obligations, which transaction is exempt under Rule 16b-3. Tax withholding is required following certification of a one-year performance goal for a retirement-eligible Reporting Person or when the Reporting Person becomes retirement-eligible, if later.
[F4]Disposition to the Issuer of shares at $206.66 per share to satisfy the Reporting Person's tax withholding obligation upon vesting of restricted stock units which is exempt under Rule 16b-3.
[F5]End of period holdings include additional shares acquired through dividend reinvestment.
[F6]Each restricted stock unit represents a contingent right to receive one share of LMT common stock.
[F7]Award of restricted stock units which vests on the third anniversary of the grant date. In accordance with the award agreement, vesting will be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible Reporting Persons and such vested shares shall be disposed to the Issuer for the purposes of satisfying the Reporting Person's tax withholding obligations, which is an exempt transaction under Rule 16b-3. Tax withholding is required following certification of a one-year performance goal for a retirement-eligible Reporting Person or when the Reporting Person becomes retirement-eligible, if later.

Documents

1 file

4
doc4.xmlPrimary

Issuer

LOCKHEED MARTIN CORP

CIK 0000936468

→

Entity typeoperating

IncorporatedMD

Related Parties

filerCIK 0000936468

Filing Metadata

Form type: 4
Filed: Feb 1, 7:00 PM ET
Accepted: Feb 2, 6:01 AM ET
Size: 17.9 KB

View on SEC.gov