item 12 . security ownership of certain beneficial owners and management and related stockholder matters . the information required by item 12 is included under the heading 201csecurity ownership of management and certain beneficial owners 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k . equity compensation plan information the following table provides information about our equity compensation plans that authorize the issuance of shares of lockheed martin common stock to employees and directors . the information is provided as of december 31 , 2016 . plan category number of securities to be issued exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 5802673 $ 85.82 6216471 equity compensation plans not approved by security holders ( 2 ) 1082347 2014 2481032 .

Table:
plan category | number of securities to beissued upon exercise of outstanding options warrants and rights ( a ) | weighted-average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining availablefor future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by securityholders ( 1 ) | 5802673 | $ 85.82 | 6216471
equity compensation plans not approved bysecurity holders ( 2 ) | 1082347 | 2014 | 2481032
total | 6885020 | $ 85.82 | 8697503
( 1 ) column ( a ) includes , as of december 31 , 2016 : 1747151 shares that have been granted as restricted stock units ( rsus ) , 936308 shares that could be earned pursuant to grants of performance stock units ( psus ) ( assuming the maximum number of psus are earned and payable at the end of the three-year performance period ) and 2967046 shares granted as options under the lockheed martin corporation 2011 incentive performance award plan ( 2011 ipa plan ) or predecessor plans prior to january 1 , 2013 and 23346 shares granted as options and 128822 stock units payable in stock or cash under the lockheed martin corporation 2009 directors equity plan ( directors equity plan ) or predecessor plans for members ( or former members ) of the board of directors .
column ( c ) includes , as of december 31 , 2016 , 5751655 shares available for future issuance under the 2011 ipa plan as options , stock appreciation rights ( sars ) , restricted stock awards ( rsas ) , rsus or psus and 464816 shares available for future issuance under the directors equity plan as stock options and stock units .
of the 5751655 shares available for grant under the 2011 ipa plan on december 31 , 2016 , 516653 and 236654 shares are issuable pursuant to grants made on january 26 , 2017 , of rsus and psus ( assuming the maximum number of psus are earned and payable at the end of the three-year performance period ) , respectively .
the weighted average price does not take into account shares issued pursuant to rsus or psus .
( 2 ) the shares represent annual incentive bonuses and long-term incentive performance ( ltip ) payments earned and voluntarily deferred by employees .
the deferred amounts are payable under the deferred management incentive compensation plan ( dmicp ) .
deferred amounts are credited as phantom stock units at the closing price of our stock on the date the deferral is effective .
amounts equal to our dividend are credited as stock units at the time we pay a dividend .
following termination of employment , a number of shares of stock equal to the number of stock units credited to the employee 2019s dmicp account are distributed to the employee .
there is no discount or value transfer on the stock distributed .
distributions may be made from newly issued shares or shares purchased on the open market .
historically , all distributions have come from shares held in a separate trust and , therefore , do not further dilute our common shares outstanding .
as a result , these shares also were not considered in calculating the total weighted average exercise price in the table .
because the dmicp shares are outstanding , they should be included in the denominator ( and not the numerator ) of a dilution calculation .
item 13 .
certain relationships and related transactions and director independence .
the information required by this item 13 is included under the captions 201ccorporate governance 2013 related person transaction policy , 201d 201ccorporate governance 2013 certain relationships and related person transactions of directors , executive officers , and 5 percent stockholders , 201d and 201ccorporate governance 2013 director independence 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k .
item 14 .
principal accountant fees and services .
the information required by this item 14 is included under the caption 201cproposal 2 2013 ratification of appointment of independent auditors 201d in the 2017 proxy statement , and that information is incorporated by reference in this form 10-k. .

Question: what is the total value of the issued securities approved by security holders , ( in millions ) ?
Answer: 498.0
Calculation: multiply(5802673, 85.82), divide(#0, const_1000000)