SEC Form 4 · accession 0001140361-18-007183
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 12, 2018
Accepted (ET)
Feb 13, 2018 · 4:36 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 | Feb 12, 2018 | M | 39,515 | $70.53 | A | 158,740 | D | |
| Common StockF3,F1,F2 | Feb 12, 2018 | S | 2,202 | $201.96 | D | 156,538 | D | |
| Common StockF4,F1,F2 | Feb 12, 2018 | S | 6,700 | $202.82 | D | 149,838 | D | |
| Common StockF5,F1,F2 | Feb 12, 2018 | S | 4,841 | $203.89 | D | 144,997 | D | |
| Common StockF6,F1,F2 | Feb 12, 2018 | S | 22,372 | $204.96 | D | 122,625 | D | |
| Common StockF7,F1,F2 | Feb 12, 2018 | S | 3,400 | $205.62 | D | 119,225 | 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)F8 | $70.53 | Feb 12, 2018 | M | 39,515 | D | — | Jul 28, 2019 | Common Stock | 39,515 | 94,860 | 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 $201.34 to $202.31. 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.
- F4Represents weighted average sale price for price increments ranging from $202.35 to $203.30. 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 $203.39 to $204.39. 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 $204.40 to $205.40. 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 $205.41 to $205.94. 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.
- F8This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.
Remarks
Chairman of the Board