X0303 4 2009-01-26 0000936468 LOCKHEED MARTIN CORP LMT 0001027152 MCCORKINDALE DOUGLAS H 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 1 0 0 0 Non-Qualified Stock Option (right to buy) 82.52 2009-01-26 4 A 0 3686 0 A 2019-01-26 Common Stock 3686 3686 D Phantom Stock Units 2009-01-26 4 A 0 666.5051 A Common Stock 666.5051 6526.2755 I Lockheed Martin Directors Equity Plan Phantom Stock Units Common Stock 11446.5032 11446.5032 I Lockheed Martin Directors Deferred Comp Plan Under the Lockheed Martin Corporation 2009 Directors Equity Plan, each non-employee director elects to receive an award of stock options or phantom stock units or a combination of stock options and phantom stock units in accordance with the plan, which awards are exempt transactions under Rule 16b-3. The options vest 50% on June 30 following the award date and 50% on December 31 following the award date or, if earlier, upon retirement, death, disability or change of control. The phantom stock units convert on a 1 for 1 basis. Under the Lockheed Martin Corporation Directors 2009 Equity Plan, each non-employee director elects to receive an award of stock options or phantom stock units or a combination of stock options and phantom stock units in accordance with the plan, which awards are exempt transactions under Rule 16b-3. The phantom stock units were acquired at $82.52 per share and vest 50% on June 30 following the award date and 50% on December 31 following the award date or, if earlier, upon retirement, death, disability or change of control. Settlement in cash or stock (as elected by the director) occurs upon the reporting person's retirement or termination of service. End of period holdings include phantom stock units acquired through dividend reinvestment. End of period holding under the Lockheed Martin Directors Deferred Compensation Plan exempt under Section 16(b). Units are settled upon the reporting person's retirement or termination of service. Douglas H. McCorkindale, by David A. Dedman, Attorney-in-Fact 2009-01-28