SEC Form 4 · accession 0001140361-18-009341
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 16, 2018
Accepted (ET)
Feb 21, 2018 · 4:05 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 16, 2018 | F | 11,362 | $212.89 | D | 107,881 | D | |
| Common StockF3,F1 | Feb 20, 2018 | A | 20,566 | $0.00 | A | 128,447 | D | |
| Common StockF4,F1 | Feb 20, 2018 | F | 10,072 | $210.98 | D | 118,375 | D | |
| Common StockF5,F1 | Feb 20, 2018 | A | 18,128 | $0.00 | A | 136,503 | D | |
| Common StockF1,F6 | Feb 20, 2018 | M | 39,515 | $70.53 | A | 176,018 | D | |
| Common StockF7,F1,F6 | Feb 20, 2018 | S | 7,711 | $210.78 | D | 168,307 | D | |
| Common StockF8,F1,F6 | Feb 20, 2018 | S | 19,076 | $211.73 | D | 149,231 | D | |
| Common StockF9,F1,F6 | Feb 20, 2018 | S | 8,428 | $212.52 | D | 140,803 | D | |
| Common StockF10,F1,F6 | Feb 20, 2018 | S | 4,000 | $213.58 | D | 136,803 | D | |
| Common StockF11,F1,F6 | Feb 20, 2018 | S | 300 | $214.29 | D | 136,503 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/21/17 Employee Stock Option (Right to Buy)F12,F13 | $210.98 | Feb 20, 2018 | A | 111,071 | A | — | Feb 21, 2027 | Common Stock | 111,071 | 111,071 | D |
| 7/28/2009 Employee Stock Option (Right to Buy)F14 | $70.53 | Feb 20, 2018 | M | 39,515 | D | — | Jul 28, 2019 | Common Stock | 39,515 | 55,345 | D |
Explanation of responses
- F1Does not include shares issuable upon the exercise of options.
- F10Represents weighted average sale price for price increments ranging from $213.18 to $214.04. 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.
- F11Represents weighted average sale price for price increments ranging from $214.28 to $214.31. 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.
- F12Represents the deemed acquisition of options upon the satisfaction of relevant performance criteria. These options were granted on February 21, 2017.
- F13This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date, provided certain performance criteria have been met for the fiscal year ended December 31, 2017.
- F14This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.
- F2Reflects additional shares acquired through the Company's Master Savings (401(k)) Plan.
- F3Represents shares acquired through the vesting of performance units settled in common stock. The performance units were granted on February 17, 2015.
- F4Represents the number of common shares surrendered to pay applicable tax withholding on the shares acquired through the vesting of the performance units.
- F5Represents the deemed acquisition of restricted stock units upon the satisfaction of relevant performance criteria. These restricted stock units were granted on February 21, 2017 and vest on the three-year anniversary of the grant date, provided certain performance criteria have been met for the fiscal year ended December 31, 2017.
- F6The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person
- F7Represents weighted average sale price for price increments ranging from $210.13 to $211.12. 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 $211.15 to $212.15. 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.
- F9Represents weighted average sale price for price increments ranging from $212.17 to $213.16. 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.
Remarks
Chairman of the Board