0001225208-16-025381.txt : 20160202 0001225208-16-025381.hdr.sgml : 20160202 20160202062943 ACCESSION NUMBER: 0001225208-16-025381 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: Lavan Maryanne CENTRAL INDEX KEY: 0001495449 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11437 FILM NUMBER: 161379127 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 0001495449 Lavan Maryanne 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 1 SVP & General Counsel Common Stock 2016-01-28 4 M 0 13512.0000 0 A 13891.7040 D Common Stock 2016-01-28 4 A 0 6036.0000 0.0000 A 19927.7040 D Common Stock 2016-01-28 4 M 0 185.0000 0 A 20112.7040 D Common Stock 2016-01-28 4 F 0 9073.0000 0 D 11039.7040 D Common Stock 616.3653 I Lockheed Martin Salaried Savings Plan Restricted Stock Units 2016-01-28 4 M 0 13512.0000 D 2016-01-28 Common Stock 13512.0000 0.0000 D Restricted Stock Units 2016-01-28 4 A 0 3866.0000 0.0000 A 2019-01-28 Common Stock 3866.0000 3866.0000 D Restricted Stock Units 2016-01-28 4 M 0 185.0000 D 2018-01-29 Common Stock 185.0000 3871.0000 D Phantom Stock Units 2016-01-28 4 A 0 23.0617 A Common Stock 23.0617 3277.5654 I Lockheed Martin LTIP Phantom Stock Units Common Stock 1897.2042 1897.2042 I LM Supplemental SSP Phantom Stock Units Common Stock 4961.8202 4961.8202 I Lockheed Martin DMICP 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. The phantom stock units convert on a 1-for-1 basis. Phantom stock units acquired at $206.66 through voluntary deferral under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) which will be settled in settled in stock upon the Reporting Person's retirement or termination of service. Phantom stock units previously acquired under the Lockheed Martin Supplemental Salaried Savings Plan exempt under Section 16(b) and will be settled upon the Reporting Person's retirement or termination of service. Phantom stock units previously acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock upon the Reporting Person's retirement or termination of service. Maryanne R. Lavan, by Marian S. Block, Attorney-in-Fact 2016-02-01