<SEC-DOCUMENT>0001225208-17-002064.txt : 20170130
<SEC-HEADER>0001225208-17-002064.hdr.sgml : 20170130
<ACCEPTANCE-DATETIME>20170130184758
ACCESSION NUMBER:		0001225208-17-002064
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170126
FILED AS OF DATE:		20170130
DATE AS OF CHANGE:		20170130

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LOCKHEED MARTIN CORP
		CENTRAL INDEX KEY:			0000936468
		STANDARD INDUSTRIAL CLASSIFICATION:	GUIDED MISSILES & SPACE VEHICLES & PARTS [3760]
		IRS NUMBER:				521893632
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6801 ROCKLEDGE DR
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817
		BUSINESS PHONE:		3018976000

	MAIL ADDRESS:	
		STREET 1:		6801 ROCKLEDGE DRIVE
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lavan Maryanne
		CENTRAL INDEX KEY:			0001495449

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11437
		FILM NUMBER:		17558869

	MAIL ADDRESS:	
		STREET 1:		6801 ROCKLEDGE DRIVE
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20817
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
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        <issuerName>LOCKHEED MARTIN CORP</issuerName>
        <issuerTradingSymbol>LMT</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>Lavan Maryanne</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>6801 ROCKLEDGE DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BETHESDA</rptOwnerCity>
            <rptOwnerState>MD</rptOwnerState>
            <rptOwnerZipCode>20817</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <officerTitle>SVP &amp; General Counsel</officerTitle>
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                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Lockheed Martin Salaried Savings Plan</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
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                <transactionShares>
                    <value>95.1557</value>
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                <transactionPricePerShare>
                    <footnoteId id="F9"/>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
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        <derivativeHolding>
            <securityTitle>
                <value>Phantom Stock Units</value>
            </securityTitle>
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                <footnoteId id="F11"/>
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                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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                    <footnoteId id="F5"/>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>LM Supplemental SSP</value>
                </natureOfOwnership>
            </ownershipNature>
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    <footnotes>
        <footnote id="F1">Represents the accelerated vesting of shares received upon the conversion of a portion of restricted stock units (RSUs) granted on January 28, 2016 with a value equal to the tax withholding obligations for the retirement-eligible reporting person and disposition to the Issuer of such shares to satisfy the reporting person's tax withholding obligations, which transaction is exempt under Rule 16b-3.  Tax withholding is required following certification of a one-year performance goal for a retirement-eligible reporting person or when the reporting person becomes retirement-eligible, if later.  The balance of the RSUs remain subject to continued vesting.</footnote>
        <footnote id="F2">Disposition to the Issuer of shares to satisfy the reporting person's tax withholding obligation upon vesting of restricted stock units which is exempt under Rule 16b-3.</footnote>
        <footnote id="F3">Shares acquired upon settlement of performance stock units granted on January 27, 2014, following the end of a three-year performance period 2014-2016 (Performance Cycle).  The amount earned during the Performance Cycle is based on the satisfaction of performance against three separate financial metrics.  The shares were acquired at $253.50 per share, the closing price of LMT on January 27, 2017.</footnote>
        <footnote id="F4">Each restricted stock unit granted on January 27, 2014 was the economic equivalent of one share of LMT common stock.</footnote>
        <footnote id="F5">End of period holdings include additional acquisitions through dividend reinvestment.</footnote>
        <footnote id="F6">Each restricted stock unit represents a contingent right to receive one share of LMT common stock.</footnote>
        <footnote id="F7">Award of restricted stock units (RSUs) which vests on the third anniversary of the grant date.  Per the award agreement, vesting may be accelerated to the extent necessary to satisfy tax withholding obligations for retirement-eligible reporting persons and such vested shares shall be disposed to the Issuer for the purposes of satisfying the reporting person's tax withholding obligations, which is an exempt transaction under Rule 16b-3.  Tax withholding is required following certification of a one-year performance goal for a retirement-eligible reporting person or when the reporting person becomes retirement-eligible, if later.</footnote>
        <footnote id="F8">The stock units convert on a 1-for-1 basis.</footnote>
        <footnote id="F9">Phantom stock units acquired at $253.50 per share through voluntary deferral under under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service.</footnote>
        <footnote id="F10">Phantom stock units acquired at $253.50 through voluntary deferral under the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) which will be settled in settled in stock upon the reporting person's retirement or termination of service.</footnote>
        <footnote id="F11">The information pertains to previously acquired stock units under the plan exempt under Section 16(b) which will be settled upon the reporting person's retirement or termination of service.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Maryanne R. Lavan, by Marian S. Block, Attorney-in-Fact</signatureName>
        <signatureDate>2017-01-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
