SEC Form 4 · accession 0001140361-18-009391
L3 TECHNOLOGIES, INC. · LLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph Dambrosio
Officer — See Remarks
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 4:44 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 | 2,137 | $212.89 | D | 45,727 | D | |
| Common StockF3,F1 | Feb 20, 2018 | A | 5,141 | $0.00 | A | 50,868 | D | |
| Common StockF4,F1 | Feb 20, 2018 | F | 2,518 | $210.98 | D | 48,350 | D | |
| Common StockF5,F1 | Feb 20, 2018 | A | 4,799 | $0.00 | A | 53,149 | D | |
| Common StockF6,F1 | Feb 20, 2018 | A | 3,839 | $0.00 | A | 56,988 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/20/18 Employee Stock Option (Right to Buy)F7 | $210.98 | Feb 20, 2018 | A | 21,023 | A | — | Feb 20, 2028 | Common Stock | 21,023 | 21,023 | D |
Explanation of responses
- F1Does not include shares issuable upon the exercise of options.
- 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.
- F6Grant of restricted stock units which vest on the three-year anniversary of the grant date.
- F7This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.
Remarks
Senior Vice President and Chief Financial Officer