SEC Form 4 · accession 0001127602-18-016631
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
May 7, 2018
Accepted (ET)
May 8, 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 | May 7, 2018 | M | 39,515 | $77.00 | A | 171,083 | D | |
| Common StockF3,F1,F2 | May 7, 2018 | S | 1,100 | $183.94 | D | 169,983 | D | |
| Common StockF4,F1,F2 | May 7, 2018 | S | 3,474 | $185.05 | D | 166,509 | D | |
| Common StockF5,F1,F2 | May 7, 2018 | S | 7,747 | $186.05 | D | 158,762 | D | |
| Common StockF6,F1,F2 | May 7, 2018 | S | 6,764 | $187.20 | D | 151,998 | D | |
| Common StockF7,F1,F2 | May 7, 2018 | S | 20,430 | $187.88 | D | 131,568 | 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)F8 | $77.00 | May 7, 2018 | M | 39,515 | D | — | Feb 20, 2023 | Common Stock | 39,515 | 104,513 | 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 $183.35 to $184.26. 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 $184.51 to $185.49. 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 $185.54 to $186.54. 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 $186.55 to $187.55. 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 $187.58 to $188.36. 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.
- F8This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date