Loy James M 4
4 · LOCKHEED MARTIN CORP · Filed Jan 28, 2009
Insider Transaction Report
Form 4
Loy James M
Director
Transactions
- Award
Phantom Stock Units
2009-01-26+1,333.01→ 5,520.796 total(indirect: Lockheed Martin Directors Equity Plan)→ Common Stock (1,333.01 underlying)
Footnotes (3)
- [F1]The phantom stock units convert on a 1 for 1 basis.
- [F2]Under the Lockheed Martin Corporation 2009 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. The phantom stock units were acquired at $82.52 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 of control. Settlement in cash or stock (as elected by the director) occurs upon the reporting person's retirement or termination of service.
- [F3]End of period holding include phantom stock units acquired through dividend reinvestment.