X0303 4 2011-01-31 0000936468 LOCKHEED MARTIN CORP LMT 0001447778 Gregoire Christopher J 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 1 Vice President & Controller Employee Stock Option (Right-to-buy) 79.6000 2011-01-31 4 A 0 13331.0000 0.0000 A 2012-01-31 2021-01-29 Common Stock 13331.0000 13331.0000 D Restricted Stock Units 2011-01-31 4 A 0 2190.0000 0.0000 A 2014-01-29 Common Stock 2190.0000 2190.0000 D The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 31, 2012. 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. 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 January 31, 2014, the third anniversary of the date of the grant. Christopher J. Gregoire, by David A. Dedman, Attorney-in-Fact 2011-02-02