Loy James M 4
4 · LOCKHEED MARTIN CORP · Filed Aug 9, 2005
Insider Transaction Report
Form 4
Loy James M
Director
Transactions
- Award
Phantom Stock Units
2005-08-05$62.83/sh+497.374$31,250→ 497.374 total(indirect: Lockheed Martin Directors Equity Plan)→ Common Stock (497.374 underlying)
Footnotes (2)
- [F1]The phantom stock units convert on a 1 for 1 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.