4//SEC Filing
AKERSON DANIEL F 4
Accession 0001225208-20-001510
CIK 0000936468other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 6:17 PM ET
Size
7.6 KB
Accession
0001225208-20-001510
Insider Transaction Report
Form 4
AKERSON DANIEL F
Director
Transactions
- Award
Phantom Stock Units
2020-01-30+372.792→ 4,331.678 total(indirect: Lockheed Martin Directors Equity Plan)→ Common Stock (372.792 underlying)
Footnotes (3)
- [F1]Each share of phantom stock is the economic equivalent of one share of Lockheed Martin Corporation common stock.
- [F2]In accordance with the Amended and Restated Lockheed Martin Corporation Directors' Equity Plan, each non-employee director received an award of phantom stock units, which award is exempt under Rule 16b-3. The phantom stock units were acquired at $435.90 per share and vest 50% on June 30 following the award date and 50% on December 31 following the award date or, if earlier, upon retirement, death, disability or change in control. Settlement in cash or stock (as elected by the director) will occur upon the Reporting Person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have the payment of awards made after January 1, 2018 (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.
- [F3]End of period holdings include additional acquisitions through dividend reinvestment.
Documents
Issuer
LOCKHEED MARTIN CORP
CIK 0000936468
Entity typeother
Related Parties
1- filerCIK 0001209431
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 6:17 PM ET
- Size
- 7.6 KB