SEC Form 4 · accession 0001094285-15-000140
TELEDYNE TECHNOLOGIES INC · TDY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Mehrabian
Officer — Chairman, Pres. & CEO
Period of report
Nov 4, 2015
Accepted (ET)
Nov 5, 2015 · 11:06 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001094285
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 4, 2015 | M | 35,000 | $32.35 | A | 261,686 | D | |
| Common StockF1 | Nov 4, 2015 | S | 19,948 | $90.5605 | D | 241,738 | D | |
| Common StockF2,F3 | Nov 4, 2015 | S | 4,300 | $91.294 | D | 237,438 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $32.35 | Nov 4, 2015 | M | 35,000 | D | Jan 24, 2007 | Jan 24, 2016 | Common Stock | 35,000 | — | D |
Explanation of responses
- F1This transaction was executed in multiple trades ranging from $90.09 to $90.07 at average weighted purchase price of $90.5605. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2This transaction was executed in multiple trades ranging from $91.11 to $91.48 at average weighted purchase price of $91.2940. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3Reporting Person retained 10,752 shares from the option exercise and now holds 82,001 shares directly and 155,437 shares held indirectly by The Mehrabian Living Trust, Robert Mehrabian and Victoria Ann Mehrabian, Trustees.
- F4Reporting Person expressly notes that option grant was set to expire within one year on January 24, 2016 and such exercise/sale does not reflect a lack of confidence in the company or its future.