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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.