SEC Form 4 · accession 0001140361-17-017904
L3 TECHNOLOGIES, INC. · LLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Strianese
Officer — See Remarks · Director
Period of report
May 1, 2017
Accepted (ET)
May 2, 2017 · 4:01 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 1, 2017 | M | 22,547 | $76.82 | A | 146,720 | D | |
| Common StockF3,F1,F2 | May 1, 2017 | S | 12,440 | $169.62 | D | 134,280 | D | |
| Common StockF4,F1,F2 | May 1, 2017 | S | 10,107 | $170.43 | D | 124,173 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2/24/2011 Employee Stock Option (Right to Buy)F5 | $76.82 | May 1, 2017 | M | 22,547 | D | — | Feb 24, 2021 | Common Stock | 22,547 | 157,827 | 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 $169.01 to $170.01. 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 $170.02 to $171.01. 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.
- F5This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.
Remarks
Chairman and Chief Executive Officer