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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2010
Aug 31, 2010
29993_dirs_2010-08-31_8ead58be-f43c-447f-8c35-f4679c221c2c.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: 2010-08-27
Reporting Person: SHUMAN JEFFREY S (VP-Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-27 | Common Stock, Par Value $1.00 | A | 9200 | $0.00 | Acquired | 78497.06 | Direct |
| 2010-08-27 | Common Stock, Par Value $1.00 | A | 1350 | $0.00 | Acquired | 79847.06 | Direct |
| 2010-08-27 | Common Stock, Par Value $1.00 | F | 2460 | $42.87 | Disposed | 77387.06 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-27 | Non-Qualified Stock Option (Right to Buy) | $42.87 | A | 32900 | Acquired | 2020-08-27 | Common Stock, Par Value $1.00 (32900) | 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 7/3/10.
F2: Increase in performance shares granted 8/24/07 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 77,387.06 shares listed in Column 5 of Table I includes: (a) 12,000 restricted shares previously reported and subject to vesting; (b) 20,600 performance shares previously reported and subject to adjustment; (c) 616.70 shares acquired through a broker dividend reinvestment program from 9/18/09 to 6/11/10; (d) 70.48 shares acquired through the Harris Corporation 401(k) Retirement Plan ("Plan") from 9/4/09 to 5/27/10; (e) a .02 share acquired through the Harris Corporation Dividend Reinvestment Plan from 9/18/09 to 6/11/10; and (f) a reduction of a .42 share due to rounding of previous reports of the Plan's record keeper.
F5: Of the 32,900 shares granted on this 8/27/10 stock option, 10,967 shares are exercisable on 8/27/11, 10,967 shares are exercisable on 8/27/12, and 10,966 shares are exercisable on 8/27/13.