SEC Form 4 · accession 0001140361-18-002158
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
Jan 16, 2018
Accepted (ET)
Jan 17, 2018 · 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 | Jan 16, 2018 | M | 39,515 | $92.31 | A | 158,719 | D | |
| Common StockF3,F1,F2 | Jan 16, 2018 | S | 4,728 | $207.73 | D | 153,991 | D | |
| Common StockF4,F1,F2 | Jan 16, 2018 | S | 25,487 | $209.32 | D | 128,504 | D | |
| Common StockF5,F1,F2 | Jan 16, 2018 | S | 9,300 | $210.12 | D | 119,204 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7/29/2008 Employee Stock Option (Right to Buy)F6 | $92.31 | Jan 16, 2018 | M | 39,515 | D | — | Jul 29, 2018 | Common Stock | 39,515 | 65,436 | 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 $207.50 to $208.04. 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 $208.86 to $209.83. 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 $209.87 to $210.70. 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 of the Board