Stephanie C. Hill - 03 Dec 2021 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
Executive Vice President
Signature
Stephanie C. Hill, by Kerri R. Morey, Attorney-in-fact
Issuer symbol
LMT
Transactions as of
03 Dec 2021
Net transactions value
-$50,739
Form type
4
Filing time
07 Dec 2021, 17:57:11 UTC
Next filing
05 Jan 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 +152 +1.2% $0.000000 12,548 03 Dec 2021 Direct F1
transaction LMT Common Stock Tax liability $50,739 -152 -1.2% $333.81 12,396 03 Dec 2021 Direct F2
holding LMT Common Stock 3,645 03 Dec 2021 Lockheed Martin Salaried Savings Plan F3

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 -152 -4.3% 3,359 03 Dec 2021 Common Stock 152 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 25, 2021, with a value equal to the tax withholding obligation for the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the reporting person's tax withholding obligation, which transactions are exempt under Rule 16b-3. The balance of the RSUs remain subject to continued vesting.
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 under the plan.
F4 Each restricted stock unit represents a contingent right to receive one share of LMT common stock.