LOCKHEED MARTIN CORP 4
4 · LOCKHEED MARTIN CORP · Filed Jan 30, 2017
Insider Transaction Report
Form 4
Edwards Richard H
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2017-01-27+4,839→ 19,644.593 total - Award
Restricted Stock Units
2017-01-26+3,241→ 3,241 totalExp: 2020-01-26→ Common Stock (3,241 underlying) - Exercise/Conversion
Restricted Stock Units
2017-01-26−143→ 3,513 totalExp: 2019-01-28→ Common Stock (143 underlying) - Tax Payment
Common Stock
2017-01-26$254.97/sh−143$36,461→ 2,729.593 total - Tax Payment
Common Stock
2017-01-27$253.50/sh−6,993$1,772,726→ 12,651.593 total - Exercise/Conversion
Common Stock
2017-01-26+143→ 2,872.593 total - Award
Common Stock
2017-01-27$253.50/sh+12,076$3,061,266→ 14,805.593 total - Exercise/Conversion
Restricted Stock Units
2017-01-27−4,839→ 0 totalExp: 2017-01-27→ Common Stock (4,839 underlying)
Holdings
- 4,832.331(indirect: Lockheed Martin Salaried Savings Plan)
Common Stock
Footnotes (7)
- [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.
- [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.