0001225208-16-025366.txt : 20160201
0001225208-16-025366.hdr.sgml : 20160201
20160201215952
ACCESSION NUMBER: 0001225208-16-025366
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160128
FILED AS OF DATE: 20160201
DATE AS OF CHANGE: 20160201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LOCKHEED MARTIN CORP
CENTRAL INDEX KEY: 0000936468
STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760]
IRS NUMBER: 521893632
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6801 ROCKLEDGE DR
CITY: BETHESDA
STATE: MD
ZIP: 20817
BUSINESS PHONE: 3018976000
MAIL ADDRESS:
STREET 1: 6801 ROCKLEDGE DRIVE
CITY: BETHESDA
STATE: MD
ZIP: 20817
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HEWSON MARILLYN A
CENTRAL INDEX KEY: 0001217496
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11437
FILM NUMBER: 161379018
MAIL ADDRESS:
STREET 1: C/O CARPENTER TECHNOLOGY CORPORATION
STREET 2: PO BOX 14662
CITY: READING
STATE: PA
ZIP: 19612-4662
4
1
doc4.xml
X0306
4
2016-01-28
0000936468
LOCKHEED MARTIN CORP
LMT
0001217496
HEWSON MARILLYN A
6801 ROCKLEDGE DRIVE
BETHESDA
MD
20817
1
1
Chairman, Pres. & CEO
Common Stock
2016-01-28
4
A
0
127693.0000
0.0000
A
139268.4630
D
Common Stock
2016-01-28
4
M
0
34289.0000
0
A
173557.4630
D
Common Stock
2016-01-28
4
M
0
795.0000
0
A
174352.4630
D
Common Stock
2016-01-28
4
F
0
81326.0000
0
D
93026.4630
D
Common Stock
397.3293
I
Lockheed Martin Salaried Savings Plan
Restricted Stock Units
2016-01-28
4
M
0
34289.0000
D
2016-01-28
Common Stock
34289.0000
0.0000
D
Restricted Stock Units
2016-01-28
4
A
0
16768.0000
0.0000
A
2019-01-28
Common Stock
16768.0000
16768.0000
D
Restricted Stock Units
2016-01-28
4
M
0
795.0000
D
2018-01-29
Common Stock
795.0000
16679.0000
D
Represents shares acquired upon settlement of performance stock units (PSUs) granted on January 28, 2013 following the end of a three-year performance period 2013-2015 (Performance Cycle). The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics. The shares were acquired at $206.66 per share based on the LMT closing price on January 28, 2016.
Each restricted stock unit granted on January 28, 2013 was the economic equivalent of one share of LMT common stock.
Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units granted on January 29, 2015 with a value equal to the tax withholding obligations for the retirement-eligible Reporting Person and disposition to the Issuer of such shares to satisfy the Reporting Person's tax withholding obligations, which transaction is exempt under Rule 16b-3. Tax withholding is required following certification of a one-year performance goal for a retirement-eligible Reporting Person or when the Reporting Person becomes retirement-eligible, if later.
Disposition to the Issuer of shares at $206.66 per share to satisfy the Reporting Person's tax withholding obligation upon vesting of restricted stock units which is exempt under Rule 16b-3.
End of period holdings include additional shares acquired through dividend reinvestment.
Each restricted stock unit represents a contingent right to receive one share of LMT common stock.
Award of restricted stock units which vests on the third anniversary of the grant date. In accordance with the award agreement, vesting will be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible Reporting Persons and such vested shares shall be disposed to the Issuer for the purposes of satisfying the Reporting Person's tax withholding obligations, which is an exempt transaction under Rule 16b-3. Tax withholding is required following certification of a one-year performance goal for a retirement-eligible Reporting Person or when the Reporting Person becomes retirement-eligible, if later.
Marillyn A. Hewson, by Marian S. Block, Attorney-in-Fact
2016-02-01