0001225208-17-002059.txt : 20170130
0001225208-17-002059.hdr.sgml : 20170130
20170130184738
ACCESSION NUMBER: 0001225208-17-002059
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170126
FILED AS OF DATE: 20170130
DATE AS OF CHANGE: 20170130
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: Bennett Dale P
CENTRAL INDEX KEY: 0001565856
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11437
FILM NUMBER: 17558864
MAIL ADDRESS:
STREET 1: 6801 ROCKLEDGE DRIVE
CITY: BETHESDA
STATE: MD
ZIP: 20817
4
1
doc4.xml
X0306
4
2017-01-26
0000936468
LOCKHEED MARTIN CORP
LMT
0001565856
Bennett Dale P
6801 ROCKLEDGE DRIVE
BETHESDA
MD
20817
1
Executive Vice President
Common Stock
2017-01-26
4
M
0
188.0000
0
A
18070.7440
D
Common Stock
2017-01-26
4
F
0
188.0000
254.9700
D
17882.7440
D
Common Stock
2017-01-27
4
A
0
12076.0000
253.5000
A
29958.7440
D
Common Stock
2017-01-27
4
M
0
4817.0000
0
A
34775.7440
D
Common Stock
2017-01-27
4
F
0
6982.0000
253.5000
D
27793.7440
D
Common Stock
8551.9550
I
Lockheed Martin Salaried Savings Plan
Restricted Stock Units
2017-01-26
4
A
0
3948.0000
0.0000
A
2020-01-26
Common Stock
3948.0000
3948.0000
D
Restricted Stock Units
2017-01-26
4
M
0
188.0000
D
2019-01-28
Common Stock
188.0000
4638.0000
D
Restricted Stock Units
2017-01-27
4
M
0
4817.0000
D
2017-01-27
Common Stock
4817.0000
0.0000
D
Phantom Stock Units
2017-01-27
4
A
0
807.2888
A
Common Stock
807.2888
9330.4531
I
Lockheed Martin DMICP
Phantom Stock Units
2017-01-27
4
A
0
379.1066
A
Common Stock
379.1066
3217.6713
I
Lockheed Martin LTIP
Phantom Stock Units
Common Stock
3338.5597
3338.5597
I
LM Supplemental SSP
Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on January 28, 2016 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. The balance of the RSUs remain subject to continued vesting.
Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock units which is exempt under Rule 16b-3.
Shares acquired upon settlement of performance stock units granted on January 27, 2014, following the end of a three-year performance period 2014-2016 (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 $253.50 per share, the closing price of LMT on January 27, 2017.
Each restricted stock unit granted on January 27, 2014 was the economic equivalent of one share of LMT common stock.
End of period holdings include additional acquisitions through dividend reinvestment.
Each restricted stock unit represents a contingent right to receive one share of LMT common stock.
Award of restricted stock units (RSUs) which vests on the third anniversary of the grant date. Per the award agreement, vesting may 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 stock units convert on a 1-for-1 basis.
Phantom stock units acquired at $253.50 per share through voluntary deferral under under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service.
Phantom stock units acquired at $253.50 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.
The information pertains to previously acquired stock units under the plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service.
Dale P. Bennett, by Marian S. Block, Attorney-in-fact
2017-01-30