David B. Burritt - Sep 30, 2021 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Director
Signature
David B. Burritt, by Kerri R. Morey, Attorney-in-fact
Stock symbol
LMT
Transactions as of
Sep 30, 2021
Transactions value $
$0
Form type
4
Date filed
10/1/2021, 08:31 PM
Previous filing
Aug 20, 2021
Next filing
Dec 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMT Common Stock Gift $0 -1.8K -29.92% $0.00 4.21K Aug 6, 2021 Direct F1
transaction LMT Common Stock Gift $0 +1.8K $0.00 1.8K Aug 6, 2021 By Trust F1

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 Phantom Stock Units Award +118 +1.41% 8.48K Sep 30, 2021 Common Stock 118 Lockheed Martin Directors Deferred Comp Plan F2, F3, F4
holding LMT Phantom Stock Units 10.8K Sep 30, 2021 Common Stock 10.8K Lockheed Martin Directors Equity Plan F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person transferred these shares to an irrevocable trust for the benefit of members of his immediate family. The reporting person remains the beneficial owner of the shares held in the irrevocable trust.
F2 Each share of phantom stock is the economic equivalent of one share of Lockheed Martin Corporation common stock.
F3 The information pertains to phantom stock units acquired at $345.10 per share through director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b). Units are settled in cash upon the reporting person's retirement or termination of service.
F4 End of period holdings include additional acquisitions through dividend reinvestment.
F5 The information pertains to previously acquired stock units under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan exempt under Section 16(b). Settlement in cash or stock (as elected by the director) will occur upon the reporting person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have payment of awards granted on or after January 1, 2018 (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.