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L3HARRIS TECHNOLOGIES, INC. /DE/ Director's Dealing 2008

Aug 26, 2008

29993_dirs_2008-08-26_e30187ce-e869-4141-8571-97cfff6d893b.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: SCHWARTZ LEWIS A (VP, Principal Accting. Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-08-22 Common Stock, Par Value $1.00 A 2900 $0.00 Acquired 15993.86 Direct
2008-08-22 Common Stock, Par Value $1.00 A 390 $0.00 Acquired 16383.86 Direct
2008-08-22 Common Stock, Par Value $1.00 F 616 $51.75 Disposed 15767.86 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-08-22 Non-Qualified Stock Option (Right to Buy) $51.75 A 11700 Acquired 2015-08-22 Common Stock, Par Value $1.00 (11700) Direct

Footnotes

F1: Grant of performance shares pursuant to the Harris Corporation 2005 Equity Incentive Plan. Performance shares are subject to future adjustment; performance period starts 6/28/08.

F2: Increase in performance shares granted 8/26/05 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 15,767.86 shares listed in Column 5 of Table I includes: (a) 3,800 performance shares previously reported and subject to adjustment and (b) 3,000 restricted shares previously reported and subject to vesting.

F5: Of the 11,700 shares granted on this 8/22/08 stock option, 5,850 shares are exercisable on 8/22/09, 2,925 shares are exercisable on 8/22/10, and 2,925 shares are exercisable on 8/22/11.