TELEDYNE TECHNOLOGIES INC — Director's Dealing 2010

Jul 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEDYNE TECHNOLOGIES INC (TDY)
CIK: 0001094285
Period of Report: 2010-07-01

Reporting Person: CAHOUET FRANK V (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-01	Phantom Stock	$0	A	392.6701	Acquired		Common Stock (392.6701)	Direct
2010-07-01	Non-Employee Stock Option (right-to-buy)	$25.46	A	392	Acquired	2020-07-01	Common Stock (392)	Direct

Footnotes

F1: Represents shares of phantom stock issued to director as retainer fee. These shares of phantom stock become payable in cash upon the reporting person's termination of service as a director.

F2: Represents options issued to the Reporting Person as a retainer fee under the Teledyne Technologies Incorporated 2008 Incentive Award Plan - Non-Employee Director Administrative Rules.