LOCKHEED MARTIN CORP

Ticker: LMT CUSIP: 539830109 Class: COM

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 1,555 Value ($000) $284 Avg Close $124.88 Range $114.30 - $135.70

Q2 2014

Shares 1,734 Value ($000) $279 Avg Close $118.32 Range $111.41 - $123.54

Q1 2014

Shares 1,616 Value ($000) $264 Avg Close $113.36 Range $104.12 - $121.80

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	1,555	$284	$124.88	$114.30 - $135.70
Q2 2014	1,734	$279	$118.32	$111.41 - $123.54
Q1 2014	1,616	$264	$113.36	$104.12 - $121.80