SEC Form 4 · accession 0001140361-17-008683
L3 TECHNOLOGIES, INC. · LLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Von Schwarz
Officer — See Remarks
Period of report
Feb 21, 2017
Accepted (ET)
Feb 22, 2017 · 5:11 pm EST
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 | Feb 21, 2017 | A | 3,614 | $0.00 | A | 10,567 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/21/17 Employee Stock Option (Right to Buy)F3 | $168.80 | Feb 21, 2017 | A | 16,334 | A | — | Feb 21, 2027 | Common Stock | 16,334 | 16,334 | D |
Explanation of responses
- F1Represents the deemed acquisition of restricted stock units upon the satisfaction of relevant performance criteria. These restricted stock units were granted on February 16, 2016 and vest on the three-year anniversary of the grant date, provided certain performance criteria have been met for the fiscal year ended December 31, 2016.
- F2Does not include shares issuable upon the exercise of options.
- F3This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.
Remarks
Senior Vice President and President of Aerospace Systems