SEC Form 4 · accession 0001140361-17-044835
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
Dec 1, 2017
Accepted (ET)
Dec 4, 2017 · 4:01 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 | Dec 1, 2017 | M | 22,545 | $76.82 | A | 141,739 | D | |
| Common StockF3,F1,F2 | Dec 1, 2017 | S | 2,900 | $192.79 | D | 138,839 | D | |
| Common StockF4,F1,F2 | Dec 1, 2017 | S | 386 | $193.50 | D | 138,453 | D | |
| Common StockF5,F1,F2 | Dec 1, 2017 | S | 4,961 | $196.01 | D | 133,492 | D | |
| Common StockF6,F1,F2 | Dec 1, 2017 | S | 10,298 | $196.81 | D | 123,194 | D | |
| Common StockF7,F1,F2 | Dec 1, 2017 | S | 3,500 | $197.83 | D | 119,694 | D | |
| Common StockF8,F1,F2 | Dec 1, 2017 | S | 500 | $198.56 | D | 119,194 | 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)F9 | $76.82 | Dec 1, 2017 | M | 22,545 | D | — | Feb 24, 2021 | Common Stock | 22,545 | 0 | 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 $192.25 to $193.07. 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 $193.46 to $193.53. 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 $195.40 to $196.39. 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 $196.42 to $197.31. 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.
- F7Represents weighted average sale price for price increments ranging from $197.53 to $198.44. 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.
- F8Represents weighted average sale price for price increments ranging from $198.55 to $198.59. 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.
- F9This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.
Remarks
Chairman and Chief Executive Officer