Loy James M 4
4 · LOCKHEED MARTIN CORP · Filed Jan 19, 2006
Insider Transaction Report
Form 4
Loy James M
Director
Transactions
- Award
Phantom Stock Units
2006-01-17$65.72/sh+1,369.446$90,000→ 1,871.212 total(indirect: Lockheed Martin Directors Equity Plan)→ Common Stock (1,369.446 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.