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Home/Filings/4/0001225208-17-002059
4//SEC Filing

LOCKHEED MARTIN CORP 4

Accession 0001225208-17-002059

$LMTCIK 0000936468operating
View on SEC.govCompany Profile

Filed

Jan 29, 7:00 PM ET

Accepted

Jan 30, 6:47 PM ET

Size

25.9 KB

Accession

0001225208-17-002059

Insider Transaction Report

Form 4
Period: 2017-01-26
LOCKHEED MARTIN CORPLMT
Bennett Dale P
Executive Vice President
Transactions
  • Tax Payment

    Common Stock

    2017-01-26$254.97/sh−188$47,934→ 17,882.744 total
  • Exercise/Conversion

    Common Stock

    2017-01-26+188→ 18,070.744 total
  • Award

    Common Stock

    2017-01-27$253.50/sh+12,076$3,061,266→ 29,958.744 total
  • Tax Payment

    Common Stock

    2017-01-27$253.50/sh−6,982$1,769,937→ 27,793.744 total
  • Exercise/Conversion

    Restricted Stock Units

    2017-01-27−4,817→ 0 total
    Exp: 2017-01-27→ Common Stock (4,817 underlying)
  • Exercise/Conversion

    Common Stock

    2017-01-27+4,817→ 34,775.744 total
  • Award

    Phantom Stock Units

    2017-01-27+379.107→ 3,217.671 total(indirect: Lockheed Martin LTIP)
    → Common Stock (379.107 underlying)
  • Award

    Restricted Stock Units

    2017-01-26+3,948→ 3,948 total
    Exp: 2020-01-26→ Common Stock (3,948 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    2017-01-26−188→ 4,638 total
    Exp: 2019-01-28→ Common Stock (188 underlying)
  • Award

    Phantom Stock Units

    2017-01-27+807.289→ 9,330.453 total(indirect: Lockheed Martin DMICP)
    → Common Stock (807.289 underlying)
Holdings

  • Phantom Stock Units

    (indirect: LM Supplemental SSP)
    → Common Stock (3,338.56 underlying)
    3,338.56

  • Common Stock

    (indirect: Lockheed Martin Salaried Savings Plan)
    8,551.955
Footnotes (11)
  • [F1]Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on January 28, 2016 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. The balance of the RSUs remain subject to continued vesting.
  • [F10]Phantom stock units acquired at $253.50 through voluntary deferral under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) which will be settled in settled in stock upon the reporting person's retirement or termination of service.
  • [F11]The information pertains to previously acquired stock units under the plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service.
  • [F2]Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock units which is exempt under Rule 16b-3.
  • [F3]Shares acquired upon settlement of performance stock units granted on January 27, 2014, following the end of a three-year performance period 2014-2016 (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 $253.50 per share, the closing price of LMT on January 27, 2017.
  • [F4]Each restricted stock unit granted on January 27, 2014 was the economic equivalent of one share of LMT common stock.
  • [F5]End of period holdings include additional acquisitions 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 (RSUs) which vests on the third anniversary of the grant date. Per the award agreement, vesting may 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.
  • [F8]The stock units convert on a 1-for-1 basis.
  • [F9]Phantom stock units acquired at $253.50 per share through voluntary deferral under under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service.

Documents

1 file

Issuer

LOCKHEED MARTIN CORP

CIK 0000936468

→
Entity typeoperating
IncorporatedMD

Related Parties

1
  • filerCIK 0000936468

Filing Metadata

Form type
4
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 6:47 PM ET
Size
25.9 KB
View on SEC.gov