Brian P. Colan - 03 Dec 2021 Form 4 Insider Report for LOCKHEED MARTIN CORP (LMT)

Role
VP & Controller
Signature
Brian P. Colan, by Kerri R. Morey, Attorney-in-fact
Issuer symbol
LMT
Transactions as of
03 Dec 2021
Net transactions value
-$53,410
Form type
4
Filing time
07 Dec 2021, 17:57:26 UTC
Previous filing
16 Jun 2021
Next filing
23 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 +58 +6.4% $0.000000 968 03 Dec 2021 Direct F1
transaction LMT Common Stock Options Exercise $0 +56 +5.8% $0.000000 1,024 03 Dec 2021 Direct F2
transaction LMT Common Stock Options Exercise $0 +46 +4.5% $0.000000 1,070 03 Dec 2021 Direct F3
transaction LMT Common Stock Tax liability $53,410 -160 -15% $333.81 910 03 Dec 2021 Direct F4
holding LMT Common Stock 557 03 Dec 2021 Lockheed Martin Salaried Savings Plan F5

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 -58 -4.1% 1,354 03 Dec 2021 Common Stock 58 Direct F1, F6
transaction LMT Restricted Stock Units Options Exercise -56 -4.1% 1,304 03 Dec 2021 Common Stock 56 Direct F2, F6
transaction LMT Restricted Stock Units Options Exercise -46 -4.1% 1,072 03 Dec 2021 Common Stock 46 Direct F3, F6
* 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 21, 2019, 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 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.
F3 Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on February 27, 2020, 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.
F4 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.
F5 End of period holdings include additional acquisitions under the plan.
F6 Each restricted stock unit represents a contingent right to receive one share of LMT common stock.