Possenriede Kenneth R 4
4 · LOCKHEED MARTIN CORP · Filed Dec 10, 2019
Insider Transaction Report
Form 4
Possenriede Kenneth R
Vice President & Treasurer
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-12-06−192→ 4,241 totalExp: 2022-02-21→ Common Stock (192 underlying) - Exercise/Conversion
Common Stock
2019-12-06+192→ 2,083.803 total - Tax Payment
Common Stock
2019-12-06$386.86/sh−192$74,277→ 1,891.803 total
Holdings
- 760.709(indirect: Lockheed Martin Salaried Savings Plan)
Common Stock
Footnotes (4)
- [F1]Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 21, 2019, with a value equal to the tax withholding obligations for the retirement-eligible reporting person and concurrent disposition to the Issuer of such shares to satisfy the reporting person's tax withholding obligations, which transaction is exempt under Rule 16b-3. 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 stock units which is exempt under Rule 16b-3.
- [F3]End of period holdings include additional acquisitions through dividend reinvestment.
- [F4]Each restricted stock unit represents a contingent right to receive one share of LMT common stock.