FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Ellis James O Jr 2. Issuer Name and Ticker or Trading Symbol LOCKHEED MARTIN CORP [ LMT ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
6801 ROCKLEDGE DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)
4/1/2020
(Street)
BETHESDA, MD 20817
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  4/1/2020    M    552.4183  A $0 (1) 552.4183  I  Lockheed Martin Directors Equity Plan 
Common Stock  4/1/2020    D    552.4183  D $338.5200  0.0000  I  Lockheed Martin Directors Equity Plan 
Common Stock                 200.0000  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units   (1) 4/1/2020    M        552.4183    (2)  (2) Common Stock  552.4183   (1) 20491.2609 (3) I  Lockheed Martin Directors Equity Plan 

Explanation of Responses:
(1)  Each share of phantom stock is the economic equivalent of one share of Lockheed Martin Corporation common stock.
(2)  The reporting person previously elected payment of his 2019 equity award and accrued dividend equivalents thereon in cash in accordance with the terms of the Lockheed Martin Corporation Amended and Restated Directors Equity Plan.
(3)  End of period holdings include additional acquisitions through dividend reinvestment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ellis James O Jr
6801 ROCKLEDGE DRIVE
BETHESDA, MD 20817
X



Signatures
James O. Ellis, Jr., by Kerri R. Morey, Attorney-in-fact 4/3/2020
**Signature of Reporting Person Date
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