SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Tanner Bruce L (Last) (First) (Middle) LOCKHEED MARTIN CORPORATION 6801 ROCKLEDGE DRIVE (Street) BETHESDA MD 20817 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/01/2007	3. Issuer Name and Ticker or Trading Symbol LOCKHEED MARTIN CORP [ LMT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Executive Vice President & CFO	5. If Amendment, Date of Original Filed (Month/Day/Year)
			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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,518.7875	I	Lockheed Martin Salaried Savings Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	01/28/2004(1)	01/28/2013	Common Stock	8,000	51.1	D
Employee Stock Option (Right to Buy)	01/29/2005(2)	01/29/2014	Common Stock	12,000	49.27	D
Employee Stock Option (Right to Buy)	01/31/2006(3)	01/31/2015	Common Stock	11,500	57.81	D
Employee Stock Option (Right to Buy)	02/01/2007(4)	02/01/2016	Common Stock	6,000	67.97	D
Employee Stock Option (Right to Buy)	01/29/2008(5)	01/29/2017	Common Stock	7,400	96.06	D
Restricted Stock Units	(6)	(6)	Common Stock	2,000	0	D
Restricted Stock Units	(7)	(7)	Common Stock	750	0	D
Phantom Stock Units	(8)	(8)	Common Stock	4,409.5796	0	I	Lockheed Martin DMICP
Phantom Stock Units	(9)	(9)	Common Stock	801.0001	0	I	Lockheed Martin Supplemental SSP

Explanation of Responses:

1. The options vested over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 28, 2004.

2. The options vested over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 29, 2005.

3. 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, 2006.

4. The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on February 1, 2007.

5. The options vest over three years, one-third on each of the first, second and third anniversaries of the grant date, beginning on January 29, 2008.

6. Each restricted stock unit ("RSU") represents a contingent right to receive one share of LMT common stock. The RSUs vest on February 1, 2009, the third anniversary of the grant date.

7. 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 29, 2010, the third anniversary of the date of the grant.

8. Phantom stock units acquired under the Lockheed Martin Deferred Management Incentive Compensation Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service. The phantom stock units convert on a 1-for-1 basis.

9. Phantom stock units acquired under the Lockheed Martin Supplemental Salaried Savings Plan exempt under Section 16(b) which will be settled in stock following the reporting person's retirement or termination of service. The phantom stock units convert on a 1-for-1 basis.

Remarks:

Remarks: Exhibit 24 - Power of Attorney attached

	Bruce L. Tanner, by David A. Dedman, Attorney-in-Fact	09/10/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Exhibit 24 -

POWER OF ATTORNEY

LOCKHEED MARTIN CORPORATION



 The undersigned hereby constitutes and appoints James

B. Comey, Marian S. Block and David A. Dedman, and each

of them, jointly and severally, his or her lawful attorney-

in-fact and agent, with full power of substitution and

resubstitution, for him or her and in his or her name,

place and stead, in any and all capacities to execute and

file, or cause to be filed, with exhibits thereto and other

documents in connection therewith, with the Securities and

Exchange Commission any and all reports or forms (including but

not limited for Forms 3, 4 or  5,  Form 144 or Form ID) and

any supplements or amendments thereto as are required to be

filed by the undersigned pursuant to Section 16 of the

Securities Exchange Act of 1934, as amended, and the rules

and regulations promulgated thereunder, and Rule 144 of the

Securities Act of 1933,  with respect to the equity

securities of Lockheed Martin Corporation, granting unto

said attorneys-in-fact and agents, and each of them, full

power and authority to do and perform each and every act

and thing requisite or necessary to be done as fully to all

intents and purposes as he or she might or could do in

person, hereby ratifying and confirming all that said

attorneys-in-fact and agents, and each of them, or his

substitute or substitutes, may lawfully do or cause to be

done by virtue hereof.







/s/ Bruce L. Tanner     08/22/2007

Bruce L. Tanner     Date