Sec Form 4 Filing - Reid Brian D @ ESTERLINE TECHNOLOGIES CORP - 2019-03-14

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
Reid Brian D
2. Issuer Name and Ticker or Trading Symbol
ESTERLINE TECHNOLOGIES CORP [ ESL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Corp. Controller & CAO
(Last) (First) (Middle)
500 108TH AVENUE NE, SUITE 1500
3. Date of Earliest Transaction (MM/DD/YY)
03/14/2019
(Street)
BELLEVUE, WA98004
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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
Employee Stock Option (Right to Buy) $ 75.85 ( 1 ) 03/14/2019 D( 1 ) 1,000 05/14/2019( 1 ) 05/14/2028( 1 ) Common Stock 1,000 ( 1 ) 0 D
Employee Stock Option (Right to Buy) $ 73.4 ( 1 ) 03/14/2019 D( 1 ) 3,000 06/14/2019( 1 ) 06/14/2028( 1 ) Common Stock 3,000 ( 1 ) 0 D
Employee Stock Option (Right to Buy) $ 70.1 ( 1 ) 03/14/2019 D( 1 ) 1,875 11/14/2018( 1 ) 11/14/2027( 1 ) Common Stock 1,875 ( 1 ) 0 D
Employee Stock Option (Right to Buy) $ 94.96 ( 1 ) 03/14/2019 D( 1 ) 625 12/02/2016( 1 ) 12/02/2025( 1 ) Common Stock 625 ( 1 ) 0 D
Restricted Stock Units $ 0 03/14/2019 D( 2 ) 820 ( 2 ) ( 2 ) Common Stock 820 ( 2 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Reid Brian D
500 108TH AVENUE NE, SUITE 1500
BELLEVUE, WA98004
Corp. Controller & CAO
Signatures
Amy L. Watson, Attorney in Fact 03/18/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the terms of the Agreement and Plan of Merger, dated as of October 9, 2018, as amended (the "Merger Agreement"), by and among Esterline Technologies Corporation ("Issuer"), TransDigm Group Incorporated, and Thunderbird Merger Sub, Inc., each option to purchase shares of common stock of the Issuer, whether vested or unvested, was, as of the Effective Time (as defined in the Merger Agreement), cancelled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) the amount by which $122.50 exceeds the per-share exercise price of such option, by (b) the total number of shares of Issuer common stock underlying such option.
( 2 )Pursuant to the Merger Agreement (a) 572 restricted stock units, were, as of the Effective Time, cancelled and converted into the right to receive an amount in cash equal to $122.50 for each share of Issuer common stock underlying such restricted stock units and (b) 248 restricted stock units were forfeited for no consideration.

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