Sec Form 4 Filing - First Pacific Advisors, LLC @ ESTERLINE TECHNOLOGIES CORP - 2016-08-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
First Pacific Advisors, LLC
2. Issuer Name and Ticker or Trading Symbol
ESTERLINE TECHNOLOGIES CORP [ ESL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
11601 WILSHIRE BLVD., SUITE 1200
3. Date of Earliest Transaction (MM/DD/YY)
08/16/2016
(Street)
LOS ANGELES, CA90025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Call Option (obligation to sell) $ 70 08/16/2016 S 117 ( 1 ) 08/16/2016 11/18/2016 Common Stock 11,700 $ 642.09 ( 1 ) 117 I See Footnotes ( 3 ) ( 4 ) ( 5 )
Call Option (obligation to sell) $ 70 08/16/2016 S 84 ( 2 ) 08/16/2016 11/18/2016 Common Stock 8,400 $ 642.09 ( 2 ) 84 I See Footnotes ( 3 ) ( 4 ) ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
First Pacific Advisors, LLC
11601 WILSHIRE BLVD.
SUITE 1200
LOS ANGELES, CA90025
X
FPA Hawkeye-7 Fund
11601 WILSHIRE BLVD.
SUITE 1200
LOS ANGELES, CA90025
X
FPA HAWKEYE FUND
11601 WILSHIRE BLVD.
SUITE 1200
LOS ANGELES, CA90025
X
ATWOOD J RICHARD
11601 WILSHIRE BLVD.
SUITE 1200
LOS ANGELES, CA90025
X
ROMICK STEVEN T
11601 WILSHIRE BLVD.
SUITE 1200
LOS ANGELES, CA90025
X
Selmo Brian A.
11601 WILSHIRE BLVD.
SUITE 1200
LOS ANGELES, CA90025
X
Landecker Mark
11601 WILSHIRE BLVD.
SUITE 1200
LOS ANGELES, CA90025
X
Signatures
FIRST PACIFIC ADVISORS, LLC, Name: /s/ J. Richard Atwood, Title: Managing Partner 08/18/2016
Signature of Reporting Person Date
FPA HAWKEYE-7 FUND, a series of FPA HAWKEYE FUND, LLC, By: First Pacific Advisors, LLC, its investment adviser, Name: /s/ J. Richard Atwood, Title: Managing Partner 08/18/2016
Signature of Reporting Person Date
FPA HAWKEYE FUND, a series of FPA HAWKEYE FUND, LLC, By: First Pacific Advisors, LLC, its investment adviser, Name: /s/ J. Richard Atwood, Title: Managing Partner 08/18/2016
Signature of Reporting Person Date
J. RICHARD ATWOOD, Name: /s/ J. Richard Atwood 08/18/2016
Signature of Reporting Person Date
STEVEN T. ROMICK, Name: /s/ Steven T. Romick 08/18/2016
Signature of Reporting Person Date
BRIAN A. SELMO, Name: /s/ Brian A. Selmo 08/18/2016
Signature of Reporting Person Date
MARK LANDECKER, Name: /s/ Mark Landecker 08/18/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On August 16, 2016, FPA Hawkeye-7 Fund, a series of FPA Hawkeye Fund, LLC ("FPA Hawkeye-7") sold options to purchase an aggregate of 11,700 shares of common stock of Esterline Technologies Corporation (the "Issuer") with a strike price of $70 per share. FPA Hawkeye-7 received a premium of $6.4209 for each option to purchase one share of common stock.
( 2 )On August 16, 2016, FPA Hawkeye Fund, a series of FPA Hawkeye Fund, LLC ("FPA Hawkeye", and together with FPA Hawkeye-7, the "Private Investment Funds") sold options to purchase an aggregate of 8,400 shares of common stock of the Issuer with a strike price of $70 per share. FPA Hawkeye received a premium of $6.4209 for each option to purchase one share of common stock.
( 3 )First Pacific Advisors, LLC ("FPA") serves as manager of and investment adviser to the Private Investment Funds. FPA may be deemed to share voting and/or investment power over the securities of the Issuer held by each of the Private Investment Funds as the manager of and investment adviser to each of the Private Investment Funds. In addition, Mr. J. Richard Atwood may be deemed to share voting and/or investment power over the securities of the Issuer held by the Private Investment Funds as a Managing Partner of FPA. Mr. Steven T. Romick may be deemed to share voting and/or investment power over the securities of the Issuer held by the Private Investment Funds, as Portfolio Manager of such funds, and over the securities of the Issuer held by the Private Investment Funds as a Managing Partner of FPA.
( 4 )(Continued from Footnote 3) Mr. Brian A. Selmo may be deemed to share voting and/or investment power over the securities of the Issuer held by the Private Investment Funds as a Partner of FPA. Mr. Mark Landecker may be deemed to share voting and/or investment power over the securities of the Issuer held by the Private Investment Funds as a Partner of FPA. FPA and Messrs. Atwood, Romick, Selmo and Landecker may be deemed to have a pecuniary interest in a portion of the securities held directly by the Private Investment Funds due to FPA's right to receive performance-based allocations. In addition, Messrs. Romick, Selmo and Landecker may be deemed to have an indirect pecuniary interest in a portion of the securities held directly FPA Hawkeye due to their respective ownership interests in such Private Investment Fund.
( 5 )(Continued from Footnote 4) Mr. Romick may be deemed to have an indirect pecuniary interest in a portion of the securities held directly by FPA Hawkeye-7 due to his ownership interest in such Private Investment Fund. Each of FPA and Messrs. Atwood, Romick, Selmo and Landecker disclaims beneficial ownership of securities of the Issuer held directly by the Private Investment Funds except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any of FPA or Messrs. Atwood, Romick, Selmo or Landecker is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

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