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

Role: Director
Signature: David B. Burritt, by Kerri R. Morey, Attorney-in-fact
Issuer symbol: LMT
Transactions as of: 30 Sep 2021
Net transactions value: $0
Form type: 4
Filing time: 01 Oct 2021, 20:31:21 UTC
Previous filing: 20 Aug 2021
Next filing: 30 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	Gift	$0	-1,796	-30%	$0.000000	4,207	06 Aug 2021	Direct	F1
transaction	LMT	Common Stock	Gift	$0	+1,796		$0.000000	1,796	06 Aug 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	+1.4%		8,483	30 Sep 2021	Common Stock	118		Lockheed Martin Directors Deferred Comp Plan	F2, F3, F4
holding	LMT	Phantom Stock Units						10,755	30 Sep 2021	Common Stock	10,755		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.