X0202 4 2007-01-16 0000936468 LOCKHEED MARTIN CORP LMT 0001194001 KUBASIK CHRISTOPHER E 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 0 1 0 0 Exec VP & CFO Phantom Stock Units 2007-01-16 4 J 0 3367.1838 D Common Stock 3367.1838 3787.9235 I Lockheed Martin LTIP Phantom Stock Units Common Stock 11623.159 11623.159 I Lockheed Martin DMICP Phantom Stock Units Common Stock 1505.8891 1505.8891 I Lockheed Martin Supplemental SSP The phantom stock units convert on a 1 for 1 basis. Settlement in cash of phantom stock units acquired pursuant to the Lockheed Martin Long Term Incentive Plan exempt under Section 16(b) at $92.07 per share. The information pertains to the 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 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. Christopher E. Kubasik, by David A. Dedman, Attorney-in-Fact 2007-01-18