SEC Form 4 · accession 0001140361-17-040748
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
Nov 1, 2017
Accepted (ET)
Nov 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,F3 | Nov 1, 2017 | M | 22,547 | $76.82 | A | 141,745 | D | |
| Common StockF4,F1,F2 | Nov 1, 2017 | S | 19,547 | $186.28 | D | 122,198 | D | |
| Common StockF5,F1,F2 | Nov 1, 2017 | S | 3,000 | $187.15 | D | 119,198 | 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 | Nov 1, 2017 | M | 22,547 | D | — | Feb 24, 2021 | Common Stock | 22,547 | 22,545 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Does not include shares issuable upon the exercise of options.
- F3Reflects additional shares acquired through the Company's Master Savings (401(k)) Plan.
- F4Represents weighted average sale price for price increments ranging from $185.84 to $186.80. 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 $186.88 to $187.78. 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.
- 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