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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2010
Dec 15, 2010
29993_dirs_2010-12-15_8ab53611-a4f0-499d-94b3-904abc99bc6d.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: 2010-12-13
Reporting Person: PEARSON DANIEL R (Exec. VP and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-13 | Common Stock, Par Value $1.00 | M | 13740 | $35.19 | Acquired | 94087.34 | Direct |
| 2010-12-13 | Common Stock, Par Value $1.00 | M | 16834 | $35.04 | Acquired | 110921.34 | Direct |
| 2010-12-13 | Common Stock, Par Value $1.00 | S | 30574 | $45.9584 | Disposed | 80347.34 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-13 | Non-Qualified Stock Option (Right to Buy) | $35.04 | M | 16834 | Disposed | 2019-08-28 | Common Stock, Par Value $1.00 (16834) | Direct |
| 2010-12-13 | Non-Qualified Stock Option (Right to Buy) | $35.19 | M | 13740 | Disposed | 2012-08-26 | Common Stock, Par Value $1.00 (13740) | Direct |
Footnotes
F1: The exercise of options and sale of the underlying 30,574 shares as reported in this Form 4 were sold pursuant to a sale plan adopted by the reporting person on November 11, 2010, pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F2: The 30,574 shares were sold at a weighted average sale price of $45.9584. The prices actually received in multiple transactions ranged from $45.78 to $46.20. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F3: Aggregate of 80,347.34 shares listed in Column 5 of Table 1 includes: (a) 33,100 performance shares previously reported and subject to adjustment; (b) 14,000 restricted shares previously reported and subject to vesting; and (c) a .76 share acquired through the Harris Corporation Dividend Reinvestment Plan from 9/17/10 through 12/3/10.
F4: Of the 50,500 shares granted on this 8/28/09 option, 16,834 shares are exercisable on 8/28/10, 16,833 shares are exercisable on 8/28/11, and 16,833 shares are exercisable on 8/28/12.