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L3HARRIS TECHNOLOGIES, INC. /DE/ Director's Dealing 2006

Aug 29, 2006

29993_dirs_2006-08-29_74f51fc5-af05-4f75-961d-1e8ea44228e3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HARRIS CORP /DE/ (HRS)
CIK: 0000202058
Period of Report: 2006-08-25

Reporting Person: THORSTEINSON TIMOTHY E (President - BCD)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-08-25 Non-Qualified Stock Option (right to buy) $43.82 A 26000 Acquired 2013-08-25 Common Stock, Par Value $1.00 (26000) Direct
2006-08-25 Performance Stock Units $ A 6200 Acquired Common Stock, Par Value $1.00 (6200) Direct
2006-08-25 Restricted Stock Units $ A 5200 Acquired Common Stock, Par Value $1.00 (5200) Direct

Footnotes

F1: Of the 26,000 shares granted on this 8/25/06 stock option, 13,000 shares are exercisable on 8/25/07, 6,500 shares are exercisable on 8/25/08, and 6,500 shares are exercisable on 8/25/09.

F2: Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock. Performance stock units are subject to future adjustment; performance period started 7/1/06.

F3: The 6,200 performance stock units will vest on 7/2/09. Vested shares are subject to adjustment and will be delivered to the reporting person within two and one-half months of vesting.

F4: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

F5: The 5,200 restricted stock units granted on 8/25/06 will vest on 8/25/09. Vested shares will be delivered to the reporting person within two and one-half months of vesting.