X0202 4 2006-01-17 0000936468 LOCKHEED MARTIN CORP LMT 0001191326 SAVAGE FRANK 6801 ROCKLEDGE DRIVE BETHESDA MD 20817 1 0 0 0 Phantom Stock Units 2006-01-17 4 A 0 1369.4461 65.72 A Common Stock 1369.4461 5694.102 I Lockheed Martin Directors Equity Plan Phantom Stock Units Common Stock 15795.7416 15795.7416 I Lockheed Martin Directors Deferred Comp Plan Phantom Stock Units Common Stock 1129.6789 1129.6789 I Lockheed Martin Directors Deferred Stock Plan Phantom Stock Units Common Stock 2502 2502 I Lockheed Deferred Comp Plan The phantom stock units convert on a 1 for 1 basis. Under the Lockheed Martin Corporation 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. Settlement in cash or stock (as elected by the holder) will occur upon the reporting person's retirement or termination of service. The information pertains to phantom stock units acquired 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. The information pertains to phantom stock units acquired under the Lockheed Martin Directors Deferred Stock Plan exempt under Section 16(b). Units are settled upon the reporting person's retirement or termination of service. Settlement occurs on the reporting person's retirement or termination of service. Frank Savage, by David A. Dedman, Attorney-in-Fact 2006-01-19