TELEDYNE TECHNOLOGIES INC — Director's Dealing 2015

Nov 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEDYNE TECHNOLOGIES INC (TDY)
CIK: 0001094285
Period of Report: 2015-11-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-04	Common Stock	M	35000	$32.35	Acquired	261686	Direct
2015-11-04	Common Stock	S	19948	$90.5605	Disposed	241738	Direct
2015-11-04	Common Stock	S	4300	$91.294	Disposed	237438	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-04	Stock Option (right to buy)	$32.35	M	35000	Disposed	2016-01-24	Common Stock (35000.0)	Direct

Footnotes

F1: This transaction was executed in multiple trades ranging from $90.09 to $90.07 at average weighted purchase price of $90.5605. 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.

F2: This transaction was executed in multiple trades ranging from $91.11 to $91.48 at average weighted purchase price of $91.2940. 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: Reporting Person retained 10,752 shares from the option exercise and now holds 82,001 shares directly and 155,437 shares held indirectly by The Mehrabian Living Trust, Robert Mehrabian and Victoria Ann Mehrabian, Trustees.

F4: Reporting Person expressly notes that option grant was set to expire within one year on January 24, 2016 and such exercise/sale does not reflect a lack of confidence in the company or its future.