0001225208-17-002064.txt : 20170130 0001225208-17-002064.hdr.sgml : 20170130 20170130184758 ACCESSION NUMBER: 0001225208-17-002064 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: Lavan Maryanne CENTRAL INDEX KEY: 0001495449 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11437 FILM NUMBER: 17558869 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 0001495449 Lavan Maryanne 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 1 SVP & General Counsel Common Stock 2017-01-26 4 M 0 176.0000 0 A 4385.2540 D Common Stock 2017-01-26 4 F 0 176.0000 254.9700 D 4209.2540 D Common Stock 2017-01-27 4 A 0 13056.0000 253.5000 A 17265.2540 D Common Stock 2017-01-27 4 M 0 5212.0000 0 A 22477.2540 D Common Stock 2017-01-27 4 F 0 9140.0000 253.5000 D 13337.2540 D Common Stock 662.1589 I Lockheed Martin Salaried Savings Plan Restricted Stock Units 2017-01-26 4 A 0 3182.0000 0.0000 A 2020-01-26 Common Stock 3182.0000 3182.0000 D Restricted Stock Units 2017-01-26 4 M 0 176.0000 D 2019-01-28 Common Stock 176.0000 3690.0000 D Restricted Stock Units 2017-01-27 4 M 0 5212.0000 D 2017-01-27 Common Stock 5212.0000 0.0000 D Phantom Stock Units 2017-01-27 4 A 0 95.1557 A Common Stock 95.1557 5199.6306 I Lockheed Martin DMICP Phantom Stock Units 2017-01-27 4 A 0 95.1557 A Common Stock 95.1557 3466.9523 I Lockheed Martin LTIP Phantom Stock Units Common Stock 2080.4952 2080.4952 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. Maryanne R. Lavan, by Marian S. Block, Attorney-in-Fact 2017-01-30