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Filing Details

Accession Number:: 0001225208-12-011326
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-05-04 17:35:10
Reporting Period:: 2012-05-02

Filing Date:: 2012-05-04
Accepted Time:: 2012-05-04 17:35:10
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
936468	Lockheed Martin Corp	LMT	Guided Missiles & Space Vehicles & Parts (3760)	521893632

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1368472	M Joanne Maguire	6801 Rockledge Drive Bethesda MD 20817	Executive Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-05-02	25,000	$57.81	56,434	No	4	M	Direct
Common Stock	Acquisiton	2012-05-02	20,000	$49.27	76,434	No	4	M	Direct
Common Stock	Acquisiton	2012-05-02	18,000	$67.97	94,434	No	4	M	Direct
Common Stock	Acquisiton	2012-05-02	9,000	$45.36	103,434	No	4	M	Direct
Common Stock	Disposition	2012-05-02	72,000	$89.88	31,434	No	4	S	Direct
Common Stock	Disposition	2012-05-03	1,277	$89.47	0	No	4	I	Indirect	Lockheed Martin Salaried Savings Plan

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	I	Indirect	Lockheed Martin Salaried Savings Plan

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right-to-buy)	Disposition	2012-05-02	20,000	$0.00	20,000	$49.27
Common Stock	Employee Stock Option (Right-to-buy)	Disposition	2012-05-02	25,000	$0.00	25,000	$57.81
Common Stock	Employee Stock Option (Right-to-buy)	Disposition	2012-05-02	18,000	$0.00	18,000	$67.97
Common Stock	Employee Stock Option (Right-to-buy)	Disposition	2012-05-02	9,000	$0.00	9,000	$45.36
Common Stock	Phantom Stock Units	Disposition	2012-05-03	1,609	$0.00	1,609	$0.00

Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2014-01-29	No	4	M	Direct
2015-01-31	No	4	M	Direct
2016-02-01	No	4	M	Direct
2013-04-17	No	4	M	Direct
	No	4	I	Indirect

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock Units	$0.00			8,543	8,543	Indirect
Common Stock	Phantom Stock Units	$0.00			14,848	14,848	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	8,543	8,543	Indirect
	14,848	14,848	Indirect

Footnotes

The price represents the weighted average sale price for multiple transactions reported on this line. Sale prices ranged from $89.74 to $89.98. Reporting Person will provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sales price.
The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the Lockheed Martin Salaried Savings Plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The transfer resulted in the Reporting Person's disposition of 1,277.4437 shares of phantom stock at $89.47 per share.
The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date.
The phantom stock units convert on a 1-for-1 basis.
The Reporting Person effected an intra-plan transfer of funds held in the company stock fund to another investment option under the Lockheed Martin Supplemental Salaried Savings Plan. The transaction was a discretionary transaction exempt under Rule 16b-3(f). The transfer resulted in the Reporting Person's disposition of 1,609.2879 phantom stock units at $89.47 per share.
Phantom stock units previously acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock upon the reporting person's retirement or termination of service.
Phantom stock units previously acquired under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) which will be settled in stock upon the reporting person's retirement or termination of service.