SEC Form 4 · accession 0001140361-17-029881
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
Aug 1, 2017
Accepted (ET)
Aug 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 | Aug 1, 2017 | M | 22,547 | $76.82 | A | 141,734 | D | |
| Common StockF3,F1,F2 | Aug 1, 2017 | S | 17,988 | $173.29 | D | 123,746 | D | |
| Common StockF4,F1,F2 | Aug 1, 2017 | S | 3,689 | $174.09 | D | 120,057 | D | |
| Common StockF5,F1,F2 | Aug 1, 2017 | S | 870 | $175.12 | D | 119,187 | 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)F6 | $76.82 | Aug 1, 2017 | M | 22,547 | D | — | Feb 24, 2021 | Common Stock | 22,547 | 90,186 | 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 $172.77 to $173.77. 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 $173.78 to $174.78. 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 $174.81 to $175.24. 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.
- F6This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.
Remarks
Chairman and Chief Executive Officer