James D. Taiclet - Jul 27, 2021 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Chairman, President & CEO, Director
Signature
James D. Taiclet, by Kerri R. Morey, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Jul 27, 2021
Transactions value $
-$1,299,564
Form type
4
Date filed
7/28/2021, 05:31 PM
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Options Exercise $0 +7.69K +567.87% $0.00 9.04K Jul 27, 2021 Direct F1
transaction LMT Common Stock Tax liability -$1.3M -3.47K -38.35% $374.73 5.58K Jul 27, 2021 Direct F2
holding LMT Common Stock 23.4 Jul 27, 2021 Lockheed Martin Salaried Savings Plan

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 -7.69K -51.71% 7.18K Jul 27, 2021 Common Stock 7.69K Direct F3
* 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 July 27, 2020, 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 Each restricted stock unit represents a contingent right to receive one share of LMT common stock.