TELEDYNE TECHNOLOGIES INC — Director's Dealing 2010

Jan 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEDYNE TECHNOLOGIES INC (TDY)
CIK: 0001094285
Period of Report: 2010-01-04

Reporting Person: CAHOUET FRANK V (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-04	Phantom Stock	$0	A	607.5949	Acquired		Common Stock (607.5949)	Direct
2010-01-04	Non-Employee Stock Option (right-to-buy)	$26.33	A	608	Acquired	2020-01-04	Common Stock (608)	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 in lieu of a cash retainer fee under the Teledyne Technologies Incorporated 2008 Incentive Award Plan - Non-Employee Director Administrative Rules.