SEC Form 4 · accession 0001127602-18-014787
L3 TECHNOLOGIES, INC. · LLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Strianese
Officer — Chairman of the Board · Director
Period of report
Apr 16, 2018
Accepted (ET)
Apr 17, 2018 · 7:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001039101
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 16, 2018 | M | 14,229 | $67.49 | A | 150,787 | D | |
| Common StockF3,F1,F2 | Apr 16, 2018 | S | 6,700 | $211.12 | D | 144,087 | D | |
| Common StockF4,F1,F2 | Apr 16, 2018 | S | 3,029 | $212.20 | D | 141,058 | D | |
| Common StockF5,F1,F2 | Apr 16, 2018 | S | 4,500 | $212.67 | D | 136,558 | D | |
| Common StockF1,F2 | Apr 16, 2018 | M | 25,286 | $77.00 | A | 161,844 | D | |
| Common StockF6,F1,F2 | Apr 16, 2018 | S | 12,312 | $211.14 | D | 149,532 | D | |
| Common StockF7,F1,F2 | Apr 16, 2018 | S | 6,472 | $212.37 | D | 143,060 | D | |
| Common StockF8,F1,F2 | Apr 16, 2018 | S | 6,502 | $212.69 | D | 136,558 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/22/12 Employee Stock Option (Right to Buy)F9 | $67.49 | Apr 16, 2018 | M | 14,229 | D | — | Feb 22, 2022 | Common Stock | 14,229 | 0 | D |
| 02/20/13 Employee Stock Option (Right to Buy)F9 | $77.00 | Apr 16, 2018 | M | 25,286 | D | — | Feb 20, 2023 | Common Stock | 25,286 | 223,058 | D |
Explanation of responses
- F1Does not include shares issuable upon the exercise of options.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3Represents weighted average sale price for price increments ranging from $210.50 to $211.50. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F4Represents weighted average sale price for price increments ranging from $211.51 to $212.51. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F5Represents weighted average sale price for price increments ranging from $212.52 to $212.92. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F6Represents weighted average sale price for price increments ranging from $210.55 to $211.55. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F7Represents weighted average sale price for price increments ranging from $211.56 to $212.56. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F8Represents weighted average sale price for price increments ranging from $212.57 to $212.87. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F9This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.