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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2009
Nov 9, 2009
29993_dirs_2009-11-09_c45a8a70-95fd-4ad9-9b96-b393df79e305.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: 2009-11-06
Reporting Person: HENRY ROBERT K (Exec. VP and COO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-11-06 | Phantom Stock Units | $ | I | 30000 | Disposed | Common Stock, Par Value $1.00 (30000) | Direct |
Footnotes
F1: Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
F2: The disposition of 30,000 phantom stock units, as reported in this Form 4, was effected pursuant to a plan adopted by the reporting person on August 14, 2009, pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The value of the 30,000 phantom stock units was transferred into alternative investment accounts under the Harris Corporation Supplemental Executive Retirement Plan.
F3: The phantom stock units were accrued under the Harris Corporation Supplemental Executive Retirement Plan. Phantom stock units are to be settled in cash upon the reporting person's retirement or other events. Prior to settlement, the reporting person may also transfer phantom stock units into alternative investment accounts.
F4: The aggregate of 29,763.30 phantom stock units includes: (a) 2,362.61 units acquired pursuant to an adjustment to the number of phantom units as a result of a reinvestment into phantom stock units of the value related to the spin-off dividend distribution of the Issuer's Harris Stratex Networks, Inc. subsidiary on 5/27/09; (b) 1,994.76 units acquired through dividend reinvestment in the Supplemental Executive Retirement Plan from 2/29/08 through 9/4/09; and (c) a reduction of 71.58 units due to rounding of previous reports of the Plan's record keeper on 7/25/08 and 7/31/09.