SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SCHNITTJER DALE A

(Last) (First) (Middle)
1049 CAMINO DOS RIOS

(Street)
THOUSAND OAKS CA 91360

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TELEDYNE TECHNOLOGIES INC [ TDY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP & CFO
3. Date of Earliest Transaction (Month/Day/Year)
11/06/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/06/2012 M 7,300 (1) A $19.27 69,890.072 D
Common Stock 11/06/2012 M 22,000 A $26.99 91,890.072 D
Common Stock 11/06/2012 M 22,000 A $32.35 113,890.072 D
Common Stock 11/06/2012 S 22,000 D $65.5109 (2) 91,890.072 D
Common Stock 11/06/2012 S 22,000 D $65.6753 (3) 69,890.072 D
Common Stock 11/06/2012 S 7,300 D $65.8509 (4) 62,590.072 (5) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Employee Director Stock Option (right--to-buy) $19.27 11/06/2012 M 7,300 01/27/2005 (6) 01/27/2014 Common Stock 7,300 $0 0 D
Non-Employee Director Stock Option (right--to-buy) $26.99 11/06/2012 M 22,000 01/25/2006 (7) 01/25/2015 Common Stock 22,000 $0 0 D
Non-Employee Director Stock Option (right--to-buy) $32.35 11/06/2012 M 22,000 01/24/2007 (8) 01/24/2016 Common Stock 22,000 $0 0 D
Explanation of Responses:
1. Dale A. Schnittjer is retiring as Senior Vice President and Chief Financial Officer effective November 18, 2012. These transactions are part of his retirement planning.
2. This transaction was executed in multiple trades at prices ranging from $65.23 to $65.6980. The price reported above reflects the weighted average purchase price. 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.
3. This transaction was executed in multiple trades at prices ranging from $65.56 to $65.83. The price reported above reflects the weighted average purchase price. 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.
4. This transaction was executed in multiple trades at prices ranging from $65.76 to $66.02. The price reported above reflects the weighted average purchase price. 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.
5. At the completion of the transactions, Reporting Person holds 10,623.072 shares directly and 51,967 shares held indirectly in The Schnittjer 2002 Trust, Co-Trustees, Dale A. Schnittjer and Victoria Lynn Schnittjer. Shares held directly include 2,927.07 shares acquired under the Employee Stock Purchase Plan based on information received as of January 24, 2012.
6. The options vest in three equal annual installments beginning January 27, 2005.
7. The options vest in three equal annual installments beginning January 25, 2006.
8. The options vest in three equal annual installments beginning January 24, 2007.
Remarks:
Dale A. Schnittjer 11/08/2012
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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