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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2006
Jul 6, 2006
29993_dirs_2006-07-06_e40f3190-cefa-476c-b3f5-6e9c26814b91.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: HARRIS CORP /DE/ (HRS)
CIK: 0000202058
Period of Report: 2006-07-01
Reporting Person: THORSTEINSON TIMOTHY E (President - BCD)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| No Securities Beneficially Owned | 0 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $40.17 | 2012-10-28 | Common Stock, Par Value $1.00 (30000) | Direct | |
| Performance Stock Units | $ | Common Stock, Par Value $1.00 (7000) | Direct | ||
| Restricted Stock Units | $ | Common Stock, Par Value $1.00 (20000) | Direct |
Footnotes
F1: Of the 30,000 shares granted on this 10/28/05 stock option, 15,000 shares will become exercisable on 10/28/06, 7,500 shares will become exercisable on 10/28/07, and 7,500 shares will become exercisable on 10/28/08.
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 7/2/05. The 7,000 performance stock units will vest on 6/30/08. Vested shares are subject to adjustment and will be delivered to the reporting person within two and one-half months of the end of the performance period.
F3: Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The 20,000 restricted stock units will vest on 10/28/08. Vested shares will be delivered to the reporting person within two and one-half months of vesting.