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TELEDYNE TECHNOLOGIES INC Director's Dealing 2010

Apr 22, 2010

30214_dirs_2010-04-22_d077dd4c-77e2-4b8b-ac11-e21e0c100c75.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEDYNE TECHNOLOGIES INC (TDY)
CIK: 0001094285
Period of Report: 2010-04-20

Reporting Person: CAHOUET FRANK V (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-04-20 Phantom Stock $0 A 105.2631 Acquired Common Stock (105.2631) Direct
2010-04-21 Phantom Stock $0 A 34.6260 Acquired Common Stock (34.6260) Direct
2010-04-21 Non-Employee Directors Stock Option (right-to-buy) $43.32 A 4000 Acquired 2020-04-21 Common Stock (4000) Direct

Footnotes

F1: Represents shares of phantom stock issued to Reporting Person as meeting fees under the Teledyne Technologies Incorporated 2008 Incentive Award Plan - Non-Employee Director Administrative Rules and Executive Deferred Compensation Plan.payable in cash upon the reporting person's termination of service as a director.

F2: Represents annual stock option grant automatically issued after the Annual Meeting to Non-Employee Directors under the Teledyne Technologies Incorporated 2008 Incentive Award Plan - Non-Employee Director Administrative Rules.