1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (Right to Buy)
|
02/01/2007(1)
|
01/31/2016 |
Common Stock
|
6,000
|
$
67.97
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/29/2008(2)
|
01/29/2017 |
Common Stock
|
12,067
|
$
96.06
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/28/2009(3)
|
01/26/2018 |
Common Stock
|
22,500
|
$
106.87
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/26/2010(4)
|
01/25/2019 |
Common Stock
|
29,600
|
$
82.52
|
D
|
Â
|
Restricted Stock Units
|
Â
(5)
|
Â
(5)
|
Common Stock
|
1,800
|
$
0
|
D
|
Â
|
Restricted Stock Units
|
Â
(6)
|
Â
(6)
|
Common Stock
|
3,000
|
$
0
|
D
|
Â
|
Restricted Stock Units
|
Â
(7)
|
Â
(7)
|
Common Stock
|
1,700
|
$
0
|
D
|
Â
|
Restricted Stock Units
|
Â
(8)
|
Â
(8)
|
Common Stock
|
2,950
|
$
0
|
D
|
Â
|
Phantom Stock Units
|
Â
(9)
|
Â
(9)
|
Common Stock
|
2,368.4107
|
$
0
|
I
|
Lockheed Martin DMICP
|
Phantom Stock Units
|
Â
(10)
|
Â
(10)
|
Common Stock
|
379.7124
|
$
0
|
I
|
Lockheed Martin Supplemental SSP
|
Phantom Stock Units
|
Â
(11)
|
Â
(11)
|
Common Stock
|
11,757.6052
|
$
0
|
I
|
Lockheed Martin LTIP
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on February 1, 2007. |
(2) |
The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 29, 2008. |
(3) |
The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 28, 2009. |
(4) |
The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 26, 2010. |
(5) |
Each RSU represents a contingent right to receive one share of LMT common stock. The RSUs are subject to a one-year performance period. If the value of the RSUs on the date of grant exceeds the performance goal specified in the award agreement, a number of RSUs equal in value to the performance shortfall is forfeited. Subject to the performance goal, the RSUs vest on January 29, 2010, the third anniversary of the date of the grant. |
(6) |
Each RSU represents a contingent right to receive one share of LMT common stock. The RSUs are subject to a one-year performance period. If the value of the RSUs on the date of grant exceeds the performance goal specified in the award agreement, a number of RSUs equal in value to the performance shortfall is forfeited. Subject to the performance goal, the RSUs vest on February 28, 2010, the third anniversary of the date of the grant. |
(7) |
Each RSU represents a contingent right to receive one share of LMT common stock. The RSUs are subject to a one-year performance period. If the value of the RSUs on the date of grant exceeds the performance goal specified in the award agreement, a number of RSUs equal in value to the performance shortfall is forfeited. Subject to the performance goal, the RSUs vest on January 28, 2011, the third anniversary of the date of the grant. |
(8) |
Each RSU represents a contingent right to receive one share of LMT common stock. The RSUs are subject to a one-year performance period. If the value of the RSUs on the date of grant exceeds the performance goal specified in the award agreement, a number of RSUs equal in value to the performance shortfall is forfeited. Subject to the performance goal, the RSUs vest on January 26, 2012, the third anniversary of the date of the grant. |
(9) |
Phantom stock units acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) and will be settled in stock upon the reporting person's retirement or termination of service. The phantom stock units convert on a one-for-basis. |
(10) |
Phantom stock units acquired under the Lockheed Martin Supplemental Salaried Savings Plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service. The phantom stock units convert on a one-for-one basis. |
(11) |
Phantom stock units acquired under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) which will be settled in cash after two years subject to continued employment, unless voluntarily deferred (in which case the units will be settled in stock upon the reporting person's retirement or termination of service. The phantom stock units convert on a one-for-one basis. |