John W. Mollard - 25 Apr 2021 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role: Vice President & Treasurer
Signature: John W. Mollard, by Kerri R. Morey, Attorney-in-fact
Issuer symbol: LMT
Transactions as of: 25 Apr 2021
Net transactions value: -$66,403
Form type: 4
Filing time: 16 Jun 2021, 17:22:22 UTC
Next filing: 07 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LMT	Common Stock	Options Exercise	$0	+410	+6.1%	$0.000000	7,079	25 Apr 2021	Direct	F1
transaction	LMT	Common Stock	Tax liability	$66,403	-176	-2.5%	$377.29	6,903	25 Apr 2021	Direct	F2, F3
holding	LMT	Common Stock						261	25 Apr 2021	Lockheed Martin Salaried Savings Plan	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LMT	Restricted Stock Units	Options Exercise		-410	-100%		0	25 Apr 2021	Common Stock	410		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit granted on April 25, 2018, was the economic equivalent of one share of LMT common stock.
F2	Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting and settlement of stock units which is exempt under Rule 16b-3.
F3	End of period holdings include additional acquisitions through dividend reinvestment.
F4	End of period holdings include additional acquisitions under the Plan.
F5	Each restricted stock unit represents a contingent right to receive one share of LMT common stock.