SEC Form 4 · accession 0001140361-19-003072
L3 TECHNOLOGIES, INC. · LLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher E Kubasik
Officer — CEO & President · Director
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 5:45 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 | Feb 11, 2019 | A | 6,182 | $0.00 | A | 65,050 | D | |
| Common StockF4,F2 | Feb 11, 2019 | A | 551 | $0.00 | A | 65,601 | D | |
| Common StockF5,F2 | Feb 11, 2019 | F | 294 | $206.59 | D | 65,307 | 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)F6,F7 | $210.98 | Feb 11, 2019 | A | 74,747 | A | — | Feb 20, 2028 | Common Stock | 74,747 | 74,747 | D |
Explanation of responses
- F1Represents the deemed acquisition of restricted stock units upon the satisfaction of relevant performance criteria. These restricted stock units were granted on December 20, 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, 2018.
- F2Does not include shares issuable upon the exercise of options.
- F3Reflects additional shares acquired through the Company's Master Savings (401(k)) Plan.
- F4Represents shares acquired through the vesting of performance units settled in common stock. The performance units were granted on February 16, 2016.
- F5Represents the number of common shares surrendered to pay applicable tax withholding on the shares acquired through the vesting of the performance units.
- F6Represents the deemed acquisition of options upon the satisfaction of relevant performance criteria. These options were granted on February 20, 2018.
- F7This 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, 2018.