YEARLEY DOUGLAS C 4
4 · LOCKHEED MARTIN CORP · Filed Jan 20, 2004
Insider Transaction Report
Form 4
YEARLEY DOUGLAS C
Director
Transactions
- Award
Phantom Stock Units
2004-01-15$51.20/sh+1,464.844$75,000→ 9,712.094 total(indirect: LM Dir Equity Plan)From: 2005-01-15→ Common Stock (1,464.844 underlying)
Holdings
- 1,097.73(indirect: LM Dir Def Stock Plan)
Phantom Stock Units
→ Common Stock (1,091.73 underlying) - 494(indirect: Lockheed Def Comp Plan)
Phantom Stock Units
→ Common Stock (494 underlying)
Footnotes (3)
- [F1]The phantom stock units convert into common stock on a one-for-one basis.
- [F2]Under the Lockheed Martin Corporation Directors Equity Plan, each non-employee director elects to receive an award of stock options or phantom stock units or a combination of stock options and phantom stock units in accordance with the plan, which awards are exempt transactions under Rule 16b-3. Settlement in cash or stock (as elected by the holder) will occur upon the reporting person's retirement or termination of service.
- [F3]Settlement occurs upon the reporting person's retirement or termination of service.