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)
|
04/17/2004(1)
|
04/17/2013 |
Common Stock
|
9,000
|
$
45.36
|
D
|
Â
|
Employee Stock Option (Right to buy)
|
01/29/2005(1)
|
01/29/2014 |
Common Stock
|
20,000
|
$
49.27
|
D
|
Â
|
Employee Stock Option (Right to buy)
|
01/31/2006(1)
|
01/31/2015 |
Common Stock
|
25,000
|
$
57.81
|
D
|
Â
|
Employee Stock Option (Right to buy)
|
02/01/2007(1)
|
02/01/2016 |
Common Stock
|
18,000
|
$
67.97
|
D
|
Â
|
Restricted Stock Units
|
Â
(2)
|
Â
(2)
|
Common Stock
|
4,300
|
$
0
|
D
|
Â
|
Phantom Stock Units
|
Â
(3)
|
Â
(3)
|
Common Stock
|
7,286.4315
|
$
0
|
I
|
Lockheed Martin DMICP
|
Phantom Stock Units
|
Â
(4)
|
Â
(4)
|
Common Stock
|
312.1518
|
$
0
|
I
|
Lockheed Martin Supplemental SSP
|
* |
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. |
(2) |
Each restricted stock unit ("RSU") represents a contingent right to receive one share of LMT common stock. The RSUs are subject to a one-year performance period from the date of grant, February 1, 2006. 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 1, 2009, the third anniversary of the date of grant. |
(3) |
The information pertains to the phantom stock units acquired under the Lockheed Martin Deferred Management Incentive Plan exempt under Section 16(b) and will be settled in stock upon the reporting person's retirement or termination of service. |
(4) |
The information pertains to the phantom stock units acquired under the Lockheed Martin Supplemental Salaried Savings Plan exempt under Section 16(b) and will be settled upon the reporting person's retirement or termination of service. |