SEC Form 4 · accession 0001140361-17-027118
L3 TECHNOLOGIES, INC. · LLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Strianese
Officer — Chairman and CEO · Director
Period of report
Jul 3, 2017
Accepted (ET)
Jul 5, 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,F3 | Jul 3, 2017 | M | 22,547 | $76.82 | A | 141,735 | D | |
| Common StockF4,F1,F2 | Jul 3, 2017 | S | 3,147 | $167.41 | D | 138,588 | D | |
| Common StockF5,F1,F2 | Jul 3, 2017 | S | 2,800 | $168.66 | D | 135,788 | D | |
| Common StockF6,F1,F2 | Jul 3, 2017 | S | 16,600 | $169.38 | D | 119,188 | 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)F7 | $76.82 | Jul 3, 2017 | M | 22,547 | D | — | Feb 24, 2021 | Common Stock | 22,547 | 112,733 | 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 $166.98 to $167.74. 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 $167.99 to $168.99. 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 $169.00 to $169.72. 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.