SEC Form 4 · accession 0001567619-17-000269
L3 TECHNOLOGIES, INC. · LLL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Mega
Officer — SVP & Pres of Comm Sys Group
Period of report
Feb 17, 2017
Accepted (ET)
Feb 21, 2017 · 7:18 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 17, 2017 | M | 6,105 | $116.20 | A | 23,806 | D | |
| Common StockF3,F1 | Feb 17, 2017 | S | 6,105 | $167.80 | D | 17,701 | D | |
| Common StockF1 | Feb 17, 2017 | F | 891 | $168.23 | D | 16,810 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2/16/2016 Employee Stock Option (Right to Buy)F4 | $116.20 | Feb 17, 2017 | M | 6,105 | D | — | Feb 16, 2026 | Common Stock | 6,105 | 12,210 | 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 weighted average sale price for price increments ranging from $167.75 to $167.87. 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.
- F4This option vests annually in equal one-third increments beginning on the one-year anniversary of the grant date.