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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2006
Aug 29, 2006
29993_dirs_2006-08-29_b37bbd8c-fd05-4b9e-95ed-795187bc1387.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: PEARSON DANIEL R (Group Pres. - Defense Comms.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2006-08-25 | Common Stock, Par Value $1.00 | A | 4000 | $0.00 | Acquired | 41818.75 | Direct |
| 2006-08-25 | Common Stock, Par Value $1.00 | A | 3000 | $0.00 | Acquired | 44818.75 | Direct |
| 2006-08-25 | Common Stock, Par Value $1.00 | F | 3280 | $43.82 | Disposed | 41538.75 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2006-08-25 | Non-Qualifed Stock Option (right to buy) | $43.82 | A | 16500 | Acquired | 2013-08-25 | Common Stock, Par Value $1.00 (16500) | Direct |
Footnotes
F1: Grant of performance shares pursuant to the Harris Corporation 2005 Equity Stock Incentive Plan. Performance shares are subject to future adjustment; performance period starts 7/1/06.
F2: Increase in performance shares previously granted for the performance period starting on 7/1/03 and based upon performance share payout formula.
F3: Shares withheld by company to pay tax liability on vesting of performance shares previously awarded.
F4: Aggregate of 41,538.75 shares listed in Column 5 Table I includes: (a) 9,100 performances shares previously reported and subject to adjustment; (b) 3,000 restricted shares previously reported and subject to vesting; and (c) 12.37 shares acquired through the Harris Corporation 401(k) Retirement Plan from 7/5/06 through 7/19/06.
F5: Of the 16,500 shares granted on this 8/25/06 stock option, 8,250 shares are exercisable on 8/25/07, 4,125 shares are exercisable on 8/25/08, and 4,125 shares are exercisable on 8/25/09.