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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2008
Feb 28, 2008
29993_dirs_2008-02-28_b295b108-d169-4c97-8089-e9289594406b.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: 2008-02-27
Reporting Person: HENRY ROBERT K (Exec. VP and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-02-27 | Common Stock, Par Value $1.00 | D | 50000 | $0.00 | Disposed | 119075.38 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-02-27 | Phantom Stock Units | $ | A | 50000 | Acquired | Common Stock, Par Value $1.00 (50000) | Direct |
Footnotes
F1: Pursuant to an irrevocable election made on April 16, 2007, the reporting person deferred the receipt of the 50,000 shares of restricted stock granted to the reporting person on February 28, 2003 and which vest on February 28, 2008 and received instead 50,000 shares of phantom stock units pursuant to the Harris Corporation Supplemental Executive Retirement Plan. As a result, the reporting person is reporting the disposition of 50,000 shares of common stock in exchange for an equal number of shares of phantom stock units.
F2: Aggregate of 119,075.38 shares listed in Column 5 of Table I includes: (a) 33,500 performance shares previously awarded and subject to adjustment and (b) 3.68 shares acquired through the Harris Corporation 401(k) Retirement Plan on 11/20/07.
F3: Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
F4: Reported phantom stock units acquired under Harris Corporation's Supplemental Executive Retirement Plan and will be settled in cash following the reporting person's retirement, termination of service, or other specified events. Commencing August 28, 2008, phantom stock units may be transferred by the reporting person into alternative investment accounts in certain other circumstances if applicable stock ownership guidelines are satisfied.
F5: Aggregate of 55,477.51 phantom stock units includes: (a) 26.77 phantom stock units acquired through dividend reinvestment in Harris Corporation's Supplemental Executive Retirement Plan from 9/4/07 through 11/20/07 and (b) a reduction of 5.63 phantom stock units due to rounding of previous reports by the Plan's record keeper.