SEC Form 4 · accession 0001127602-18-015726
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 30, 2018
Accepted (ET)
May 1, 2018 · 4:02 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,F3 | Apr 30, 2018 | M | 39,515 | $77.00 | A | 176,080 | D | |
| Common StockF4,F1,F2 | Apr 30, 2018 | S | 7,719 | $195.98 | D | 168,361 | D | |
| Common StockF5,F1,F2 | Apr 30, 2018 | S | 19,296 | $196.99 | D | 149,065 | D | |
| Common StockF6,F1,F2 | Apr 30, 2018 | S | 12,500 | $198.05 | D | 136,565 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/20/13 Employee Stock Option (Right to Buy)F7 | $77.00 | Apr 30, 2018 | M | 39,515 | D | — | Feb 20, 2023 | Common Stock | 39,515 | 144,028 | 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
- F3Reflects additional shares acquired through the Company's Master Savings (401(k)) Plan.
- F4Represents weighted average sale price for price increments ranging from $195.48 to $196.45. 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 $196.50 to $197.47. 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 $197.65 to $198.48. 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.
- F7This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date, provided certain performance criteria have been met for the fiscal year ended December 31, 2013.