Possenriede Kenneth R 4
4 · LOCKHEED MARTIN CORP · Filed Jan 28, 2020
Insider Transaction Report
Form 4
Possenriede Kenneth R
Vice President & Treasurer
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-01-26−1,509→ 0 totalExp: 2020-01-26→ Common Stock (1,509 underlying) - Tax Payment
Common Stock
2020-01-26$432.50/sh−950$410,875→ 2,993.393 total - Exercise/Conversion
Common Stock
2020-01-26+1,509→ 3,412.393 total - Award
Common Stock
2020-01-26$432.50/sh+531$229,658→ 3,943.393 total
Holdings
- 771.758(indirect: Lockheed Martin Salaried Savings Plan)
Common Stock
Footnotes (6)
- [F1]Each restricted stock unit granted on January 26, 2017, was the economic equivalent of one share of LMT common stock.
- [F2]Shares acquired upon settlement of performance stock units granted on January 26, 2017, following the end of a three-year performance period 2017-2019 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.
- [F3]Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting and settlement of stock units which is exempt under Rule 16b-3.
- [F4]End of period holdings include additional acquisitions through dividend reinvestment.
- [F5]End of period holdings include additional acquisitions under the Plan.
- [F6]Each restricted stock unit represents a contingent right to receive one share of LMT common stock.