SEC Form 4 · accession 0001140361-18-005351
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
Feb 5, 2018
Accepted (ET)
Feb 6, 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,F3 | Feb 5, 2018 | M | 39,515 | $70.53 | A | 158,742 | D | |
| Common StockF4,F1,F2 | Feb 5, 2018 | S | 31,131 | $208.07 | D | 127,611 | D | |
| Common StockF5,F1,F2 | Feb 5, 2018 | S | 8,133 | $208.95 | D | 119,478 | D | |
| Common StockF6,F1,F2 | Feb 5, 2018 | S | 251 | $210.10 | D | 119,227 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7/28/2009 Employee Stock Option (Right to Buy)F7 | $70.53 | Feb 5, 2018 | M | 39,515 | D | — | Jul 28, 2019 | Common Stock | 39,515 | 134,375 | 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.
- F3Reflects additional shares acquired through the Company's Master Savings (401(k)) Plan.
- F4Represents weighted average sale price for price increments ranging from $207.50 to $208.50. 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 $208.53 to $209.42. 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 $209.85 to $210.24. 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.
- F7This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date
Remarks
Chairman of the Board