SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
STEVENS ROBERT J
(Last) (First) (Middle)
6801 ROCKLEDGE DRIVE
(Street)
BETHESDA MD 20817
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LOCKHEED MARTIN CORP [ LMT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2013
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/08/2013 M 356,301 A $82.52 557,908 D
Common Stock 05/08/2013 M 225,000 A $96.06 782,908 D
Common Stock 05/08/2013 S 581,301 D $101.95(1) 201,607 D
Common Stock 05/09/2013 M 290,000 A $74.89 491,607 D
Common Stock 05/09/2013 M 83,699 A $82.52 575,306 D
Common Stock 05/09/2013 S 4,700 D $102.1252(2) 570,606 D
Common Stock 05/09/2013 S 368,999 D $101.5174(3) 201,607 D
Common Stock 248.1835(4) I Lockheed Martin Salaried Savings Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right-to-buy) $82.52 05/08/2013 M 356,301 01/25/2010(5) 01/25/2019 Common Stock 356,301 $0.0000 83,699 D
Employee Stock Option (Right-to-buy) $96.06 05/08/2013 M 225,000 01/29/2008(5) 01/29/2017 Common Stock 225,000 $0.0000 0.0000 D
Employee Stock Option (Right-to-buy) $82.52 05/09/2013 M 83,699 01/25/2010(5) 01/25/2019 Common Stock 83,699 $0.0000 0.0000 D
Employee Stock Option (Right-to-buy) $74.89 05/09/2013 M 290,000 02/01/2011(5) 01/31/2020 Common Stock 290,000 $0.0000 0.0000 D
Explanation of Responses:
1. The price represents the weighted average sale price for multiple transactions reported on this line. Sale prices ranged from $101.7667 to $102.5275. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.
2. The price represents the weighted average sale price for multiple transactions reported on this line. Sale prices ranged from $102.06 to $102.23. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.
3. The price represents the weighted average sale price for multiple transactions reported on this line. Sale prices ranged from $101.06 to $102.04. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.
4. Shares previously acquired under the Lockheed Martin Salaried Savings Plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service, and additional shares acquired through dividend reinvestment.
5. The options vested over three years, one-third on each of the first, second and third anniversaries of the grant date beginning on this date.
Robert J. Stevens, by Matthew C. Dow, Attorney-in-fact 05/10/2013
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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