SEC Form 4 · accession 0001140361-18-010519
L3 TECHNOLOGIES, INC. · LLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Strianese
Officer — Chairman of the Board · Director
Period of report
Feb 26, 2018
Accepted (ET)
Feb 27, 2018 · 4:53 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 26, 2018 | M | 39,515 | $70.53 | A | 176,017 | D | |
| Common StockF3,F1,F2 | Feb 26, 2018 | S | 11,300 | $212.83 | D | 164,717 | D | |
| Common StockF4,F1,F2 | Feb 26, 2018 | S | 17,762 | $213.70 | D | 146,955 | D | |
| Common StockF5,F1,F2 | Feb 26, 2018 | S | 9,929 | $214.68 | D | 137,026 | D | |
| Common StockF6,F1,F2 | Feb 26, 2018 | S | 524 | $215.32 | D | 136,502 | 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 26, 2018 | M | 39,515 | D | — | Jul 28, 2019 | Common Stock | 39,515 | 15,830 | 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 $212.22 to $213.21. 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.
- F4Represents weighted average sale price for price increments ranging from $213.25 to $214.25. 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.
- F5Represents weighted average sale price for price increments ranging from $214.26 to $215.23. 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 $215.29 to $215.36. 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.