TELEDYNE TECHNOLOGIES INC — Director's Dealing 2014

Mar 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEDYNE TECHNOLOGIES INC (TDY)
CIK: 0001094285
Period of Report: 2014-03-10

Reporting Person: MEHRABIAN ROBERT (Chairman, Pres. & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-10	Common Stock	M	35000	$26.99	Acquired	251925	Direct
2014-03-10	Common Stock	S	33800	$101.127	Disposed	218125	Direct
2014-03-10	Common Stock	S	1200	$101.556	Disposed	216925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-10	Stock Option (right-to-buy)	$26.99	M	35000	Disposed	2015-01-25	Common Stock (35000.0)	Direct

Footnotes

F1: Reporting Person expressly notes that option grant was set to expire within one year on January 25, 2015 and such exercise/sale does not reflect a lack of confidence in the company or its future.

F2: This transaction was executed in multiple trades at prices ranging from $100.51 to $101.51. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: This transaction was executed in multiple trades at prices ranging from $101.52 to $101.61. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F4: Reporting Person holds 66,229 shares directly and 150,696 shares held indirectly by The Mehrabian Living Trust, Robert Mehrabian and Victoria Ann Mehrabian, Trustees.