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

Aug 26, 2008

29993_dirs_2008-08-26_8596397b-8e7f-4393-9851-8dd62d117968.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: 2008-08-23

Reporting Person: LANCE HOWARD L (Director, Chairman, President, and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-08-23 Common Stock, Par Value $1.00 A 43600 $0.00 Acquired 297756.21 Direct
2008-08-23 Common Stock, Par Value $1.00 A 12600 $0.00 Acquired 310356.21 Direct
2008-08-23 Common Stock, Par Value $1.00 F 19902 $51.75 Disposed 290454.21 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-08-23 Non-Qualified Stock Option (Right to Buy) $51.75 A 174000 Acquired 2015-08-23 Common Stock, Par Value $1.00 (174000) 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 290,454.69 shares listed in Column 5 of Table I includes: (a) 67,800 performance shares previously reported and subject to adjustment; (b) 5.37 shares acquired through the Harris Corporation 401(k) Retirement Plan from 9/4/07 through 5/28/08; and (c) a reduction of a .85 share due to rounding of previous reports of the Plan's record keeper.

F5: Of the 174,000 shares granted on this 8/23/08 stock option, 87,000 shares are exercisable on 8/23/09, 43,500 shares are exercisable on 8/23/10, and 43,500 shares are exercisable on 8/23/11.