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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2009
Sep 1, 2009
29993_dirs_2009-09-01_4072c2c0-fe98-4aaa-bddd-f7cd0df90a56.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: LANCE HOWARD L (Director, Chairman, President, and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-08-28 | Common Stock, Par Value $1.00 | A | 75400 | $0.00 | Acquired | 331190.45 | Direct |
| 2009-08-28 | Common Stock, Par Value $1.00 | A | 9300 | $0.00 | Acquired | 340490.45 | Direct |
| 2009-08-28 | Common Stock, Par Value $1.00 | F | 16950 | $35.04 | Disposed | 323540.45 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-08-28 | Non-Qualified Stock Option (Right to Buy) | $35.04 | A | 274000 | Acquired | 2019-08-28 | Common Stock, Par Value $1.00 (274000) | 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 7/4/09.
F2: Increase in performance shares granted 8/25/06 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 323,540.45 shares listed in Column 5 of Table 1 includes: (a) 74,200 performance shares previously reported and subject to adjustment; (b) 12.29 shares acquired through the Harris Corporation 401(k) Retirement Plan ("Plan") from 9/2/08 through 5/28/09; (c) 22.10 shares acquired through the Plan pursuant to an adjustment to the number of outstanding shares as a result of a reinvestment into shares of the value related to the spin-off dividend distribution of the Issuer's Harris Stratex Networks, Inc. subsidiary on 5/27/09; and (d) a reduction of a .15 share due to rounding of previous reports of the Plan's record keeper.
F5: Of the 274,000 shares granted on this 8/28/09 stock option, 91,334 shares are exercisable on 8/28/10, 91,333 shares are exercisable on 8/28/11, and 91,333 shares are exercisable on 8/28/12.