0001225208-16-025367.txt : 20160202 0001225208-16-025367.hdr.sgml : 20160202 20160202060059 ACCESSION NUMBER: 0001225208-16-025367 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160128 FILED AS OF DATE: 20160202 DATE AS OF CHANGE: 20160202 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: Carvalho Orlando D CENTRAL INDEX KEY: 0001573157 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11437 FILM NUMBER: 161379083 MAIL ADDRESS: STREET 1: 6801 ROCKLEDGE DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 4 1 doc4.xml X0306 4 2016-01-28 0000936468 LOCKHEED MARTIN CORP LMT 0001573157 Carvalho Orlando D 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 1 Executive Vice President Common Stock 2016-01-28 4 M 0 6712.0000 0 A 16398.8630 D Common Stock 2016-01-28 4 A 0 3009.0000 0.0000 A 19407.8630 D Common Stock 2016-01-28 4 M 0 183.0000 0 A 19590.8630 D Common Stock 2016-01-28 4 F 0 3406.0000 0 D 16184.8630 D Common Stock 10176.0796 I Lockheed Martin Salaried Savings Plan Restricted Stock Units 2016-01-28 4 M 0 6712.0000 D 2016-01-28 Common Stock 6712.0000 0.0000 D Restricted Stock Units 2016-01-28 4 A 0 4826.0000 0.0000 A 2019-01-28 Common Stock 4826.0000 4826.0000 D Restricted Stock Units 2016-01-28 4 M 0 183.0000 D 2018-01-29 Common Stock 183.0000 4497.0000 D Each restricted stock unit granted on January 28, 2013 was the economic equivalent of one share of LMT common stock. 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. 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. Orlando D. Carvalho, by Marian S. Block, Attorney-in-fact 2016-02-01