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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2008
Aug 26, 2008
29993_dirs_2008-08-26_8300e6d7-a013-450e-a90f-1b6c7d411c02.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: MCARTHUR GARY L (VP and Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-08-22 | Common Stock, Par Value $1.00 | A | 9700 | $0.00 | Acquired | 60874.63 | Direct |
| 2008-08-22 | Common Stock, Par Value $1.00 | A | 10000 | $0.00 | Acquired | 70874.63 | Direct |
| 2008-08-22 | Common Stock, Par Value $1.00 | A | 1440 | $0.00 | Acquired | 72314.63 | Direct |
| 2008-08-22 | Common Stock, Par Value $1.00 | F | 2275 | $51.75 | Disposed | 70039.63 | 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 | 38700 | Acquired | 2015-08-22 | Common Stock, Par Value $1.00 (38700) | 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: Grant of restricted shares pursuant to the Harris Corporation 2005 Equity Incentive Plan. Restricted shares are subject to future vesting; vesting period starts 8/22/08.
F3: Increase in performance shares granted 8/26/05 based upon performance share payout formula.
F4: Shares withheld by company to pay tax liability on vesting of performance shares previously awarded.
F5: Aggregate of 70,039.63 shares listed in Column 5 of Table I includes: (a) 13,200 performance shares previously reported and subject to adjustment; (b) 6,000 restricted shares previously reported and subject to vesting; (c) a .04 share acquired through the Harris Corporation Dividend Reinvestment Plan on 6/13/08; (d) 5.09 shares acquired through the Harris Corporation 401(k) Retirement Plan on 5/28/08; and (d) a reduction of 3.49 shares due to rounding of previous reports of the Plan's record keeper.
F6: Of the 38,700 shares granted on this 8/22/08 stock option, 19,350 shares are exercisable on 8/22/09, 9,675 shares are exercisable on 8/22/10, and 9,675 shares are exercisable on 8/22/11.