(e) On December 20, 2016, the Personnel and Compensation Committee of the Board of Directors of Teledyne Technologies Incorporated (“Teledyne”) took the following actions:

(i) The Committee made a special one-time grant of a Restricted Stock Unit (RSU) Award consisting of 16,045 RSUs to Robert Mehrabian, Teledyne’s President, Chairman and Chief Executive Officer. The RSUs vest in three equal annual installments beginning December 20, 2017, so long as Dr. Mehrabian remains employed with Teledyne on the applicable installment vesting date. Each RSU represents a contingent right to receive one share of Teledyne Common Stock upon vesting. In deciding to grant the RSU award, the Committee considered general industry and industry peer compensation information provided by its independent compensation consultants, retention strategy, executive performance, including Dr. Mehrabian’s role in identifying, implementing and integrating transformative acquisitions, and other factors.

(ii) The Committee increased the Annual Incentive Plan (AIP) target for Aldo Pichelli, Teledyne’s Chief Operating Officer, from 80% of base salary to 50% of base salary, beginning with the AIP award for the 2017 fiscal year. In increasing the target percentage, the Committee considered general industry and industry peer compensation information provided by its independent compensation consultants, executive performance, and other factors.

About Teledyne Technologies Incorporated (NYSE:TDY)

Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment. The Company operates through four segments: Instrumentation, which provides monitoring and control instruments for marine, environmental, industrial and other applications; Digital Imaging, which include sensors, cameras and systems, within the visible, infrared, ultraviolet and X-radiation (X-ray) spectra; Aerospace and Defense Electronics, which provides electronic components, subsystems and communications products, and Engineered Systems, which provides systems engineering and integration and technology development.

Teledyne Technologies Incorporated (NYSE:TDY) Recent Trading Information

Teledyne Technologies Incorporated (NYSE:TDY) closed its last trading session up +0.22 at 124.00 with 60,133 shares trading hands.