James D. Taiclet Jr. - 27 Jul 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
Issuer symbol: LMT
Transactions as of: 27 Jul 2021
Net transactions value: -$1,299,564
Form type: 4
Filing time: 28 Jul 2021, 17:31:18 UTC
Next filing: 25 Feb 2022
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	+7,689	+568%	$0.000000	9,043	27 Jul 2021	Direct	F1
transaction	LMT	Common Stock	Tax liability	$1,299,564	-3,468	-38%	$374.73	5,575	27 Jul 2021	Direct	F2
holding	LMT	Common Stock						23	27 Jul 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		-7,689	-52%		7,180	27 Jul 2021	Common Stock	7,689		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.