SEC Form 4 · accession 0001140361-18-012325
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
Mar 5, 2018
Accepted (ET)
Mar 6, 2018 · 5:24 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 | Mar 5, 2018 | M | 15,830 | $70.53 | A | 152,377 | D | |
| Common StockF4,F1,F2 | Mar 5, 2018 | S | 4,835 | $202.58 | D | 147,542 | D | |
| Common StockF5,F1,F2 | Mar 5, 2018 | S | 7,396 | $203.73 | D | 140,146 | D | |
| Common StockF6,F1,F2 | Mar 5, 2018 | S | 3,599 | $204.47 | D | 136,547 | D | |
| Common StockF1,F2 | Mar 5, 2018 | M | 23,685 | $86.41 | A | 160,232 | D | |
| Common StockF7,F1,F2 | Mar 5, 2018 | S | 4,580 | $202.51 | D | 155,652 | D | |
| Common StockF8,F1,F2 | Mar 5, 2018 | S | 6,893 | $203.67 | D | 148,759 | D | |
| Common StockF9,F1,F2 | Mar 5, 2018 | S | 9,310 | $204.63 | D | 139,449 | D | |
| Common StockF10,F1,F2 | Mar 5, 2018 | S | 2,800 | $205.58 | D | 136,649 | D | |
| Common StockF11,F1,F2 | Mar 5, 2018 | S | 102 | $206.24 | D | 136,547 | 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)F12 | $70.53 | Mar 5, 2018 | M | 15,830 | D | — | Jul 28, 2019 | Common Stock | 15,830 | 0 | D |
| 2/23/2010 Employee Stock Option (Right to Buy)F12 | $86.41 | Mar 5, 2018 | M | 23,685 | D | — | Feb 23, 2020 | Common Stock | 23,685 | 185,276 | D |
Explanation of responses
- F1Does not include shares issuable upon the exercise of options.
- F10Represents weighted average sale price for price increments ranging from $205.21 to $205.83. 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 $206.22 to $206.37. 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.
- F12This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.
- 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 $202.15 to $203.15. 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.
- F5Represents weighted average sale price for price increments ranging from $203.17 to $204.15. 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.
- F6Represents weighted average sale price for price increments ranging from $204.20 to $205.05. 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 $202.10 to $203.09. 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 $203.11 to $204.10. 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 $204.13 to $205.12. 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.