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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2008
Aug 26, 2008
29993_dirs_2008-08-26_15109db5-b84e-484d-8a76-3964b0e4fa00.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: 2008-08-22
Reporting Person: THORSTEINSON TIMOTHY E (President - BCD)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-08-22 | Common Stock, Par Value $1.00 | M | 7000 | $0.00 | Acquired | 7000 | Direct |
| 2008-08-22 | Common Stock, Par Value $1.00 | A | 2100 | $0.00 | Acquired | 9100 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-08-22 | Performance Stock Units | $0.00 | M | 7000 | Disposed | Common Stock, Par Value $1.00 (7000) | Direct | |
| 2008-08-22 | Performance Stock Units | $0.00 | A | 6500 | Acquired | Common Stock, Par Value $1.00 (6500) | Direct | |
| 2008-08-22 | Non-Qualified Stock Option (Right to Buy) | $51.75 | A | 26100 | Acquired | 2015-08-22 | Common Stock, Par Value $1.00 (26100) | Direct |
Footnotes
F1: The 7,000 performance stock units granted on 10/28/05 vested on 6/27/08 and is paid in shares of common stock on 8/22/08. This grant was previously reported.
F2: Increase in performance stock units granted 10/28/05 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/22/08.
F3: Each performance stock unit represented a contingent right to receive one share of the Issuer's common stock. These performance stock units were paid out in shares of common stock on 8/22/08.
F4: Each performance stock unit represents a contingent right to one share of the Issuer's common stock. Performance stock units are subject to future adjustment; performance period started 6/28/08. The 6,500 performance stock units will vest on 7/1/2011. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting.
F5: The aggregate of 17,400 performance stock units listed in Column 9 of Table II includes 10,900 performance stock units previously reported and subject to adjustment.
F6: Of the 26,100 shares granted on this 8/22/08 stock option, 13,050 shares are exercisable on 8/22/09, 6,525 shares are exercisable on 8/22/10, and 6,525 shares are exercisable on 8/22/11.