SEC Form 4 · accession 0001140361-18-003907
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 29, 2018
Accepted (ET)
Jan 30, 2018 · 4:43 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 29, 2018 | M | 25,921 | $92.31 | A | 145,122 | D | |
| Common StockF3,F1,F2 | Jan 29, 2018 | S | 24,021 | $216.89 | D | 121,101 | D | |
| Common StockF4,F1,F2 | Jan 29, 2018 | S | 1,700 | $217.57 | D | 119,401 | D | |
| Common StockF1,F2 | Jan 29, 2018 | S | 200 | $218.40 | D | 119,201 | D | |
| Common StockF1,F2 | Jan 29, 2018 | M | 13,594 | $70.53 | A | 132,795 | D | |
| Common StockF5,F1,F2 | Jan 29, 2018 | S | 3,300 | $217.63 | D | 129,495 | D | |
| Common StockF6,F1,F2 | Jan 29, 2018 | S | 10,294 | $218.30 | D | 119,201 | 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)F7 | $92.31 | Jan 29, 2018 | M | 25,921 | D | — | Jul 29, 2018 | Common Stock | 25,921 | 0 | D |
| 7/28/2009 Employee Stock Option (Right to Buy)F7 | $70.53 | Jan 29, 2018 | M | 13,594 | D | — | Jul 28, 2019 | Common Stock | 13,594 | 173,890 | 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 $216.25 to $217.25. 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 $217.30 to $218.21. 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 $217.00 to $217.99. 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 $218.01 to $218.43. 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.
Remarks
Chairman of the Board