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

Aug 26, 2008

29993_dirs_2008-08-26_1051c5bf-bd09-4dd0-9396-bbf3b4dd1918.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: CAVALLUCCI EUGENE S (VP - General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-08-22 Common Stock, Par Value $1.00 A 7200 $0.00 Acquired 43022.01 Direct
2008-08-22 Common Stock, Par Value $1.00 A 1440 $0.00 Acquired 44462.01 Direct
2008-08-22 Common Stock, Par Value $1.00 F 2275 $51.75 Disposed 42187.01 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 28600 Acquired 2015-08-22 Common Stock, Par Value $1.00 (28600) 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 42,187.01 shares listed in Column 5 of Table I includes: (a) 10,400 performance shares previously reported and subject to adjustment; (b) 15.27 shares acquired through the Harris Corporation Dividend Reinvestment Plan on 6/13/08; (c) 7.53 shares acquired through the Harris Corporation 401(k) Retirement Plan on 5/28/08; (d) 31.01 shares acquired through a broker dividend reinvestment program on 6/13/08; and (e) a reduction of 5.17 shares due to rounding of previous reports of the Plan's record keeper.

F5: Of the 28,600 shares granted on this 8/22/08 stock option, 14,300 shares are exercisable on 8/22/09, 7,150 shares are exercisable on 8/22/10, and 7,150 shares are exercisable on 8/22/11.