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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2009
Sep 1, 2009
29993_dirs_2009-09-01_17bcd98b-383c-48d0-abac-40b411b592ad.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: 2009-08-28
Reporting Person: THORSTEINSON TIMOTHY E (President - BCD)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-08-28 | Common Stock, Par Value $1.00 | M | 6200 | $0.00 | Acquired | 16471 | Direct |
| 2009-08-28 | Common Stock, Par Value $1.00 | A | 1550 | $0.00 | Acquired | 18021 | Direct |
| 2009-08-28 | Common Stock, Par Value $1.00 | F | 3410 | $35.04 | Disposed | 14611 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-08-28 | Performance Stock Units | $0.00 | M | 6200 | Disposed | Common Stock, Par Value $1.00 (6200) | Direct | |
| 2009-08-28 | Performance Stock Units | $0.00 | A | 11300 | Acquired | Common Stock, Par Value $1.00 (11300) | Direct | |
| 2009-08-28 | Non-Qualified Stock Option (Right to Buy) | $35.04 | A | 41100 | Acquired | 2019-08-28 | Common Stock, Par Value $1.00 (41100) | Direct |
Footnotes
F1: The 6,200 performance stock units granted on 8/25/06 vested on 7/3/09 and is paid in shares of common stock on 8/28/09. The grant was previously reported.
F2: Increase in performance stock units granted 8/25/06 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/28/09.
F3: Shares withheld by company to pay tax liability on vesting of performance stock units previously awarded.
F4: Each performance stock unit represented a contingent right to receive one share of the Issuer's common stock. These performance stock units were paid out in shares of common stock on 8/28/09.
F5: Each performance stock unit represents a contingent right to one share of the Issuer's common stock. Performance stock units are subject to future adjustment; performance period started 7/4/09. The 11,300 performance stock units will vest on 6/29/12. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting.
F6: The aggregate of 22,500 performance stock units listed in Column 9 of Table II includes 11,100 performance stock units previously reported and subject to adjustment.
F7: Of the 41,100 shares granted on this 8/28/09 stock option, 13,700 shares are exercisable on 8/28/10, 13,700 shares are exercisable on 8/28/11, and 13,700 shares are exercisable on 8/28/12.