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L3HARRIS TECHNOLOGIES, INC. /DE/ Director's Dealing 2010

Aug 31, 2010

29993_dirs_2010-08-31_e0a40168-42ee-410e-8544-ad8c00bc0d73.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: PEARSON DANIEL R (Exec. VP and COO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-08-27 Common Stock, Par Value $1.00 A 11200 $0.00 Acquired 81210.58 Direct
2010-08-27 Common Stock, Par Value $1.00 A 1050 $0.00 Acquired 82260.58 Direct
2010-08-27 Common Stock, Par Value $1.00 F 1914 $42.87 Disposed 80346.58 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 40000 Acquired 2020-08-27 Common Stock, Par Value $1.00 (40000) 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 80,346.58 shares listed in Column 5 of Table I includes: (a) 14,000 restricted shares previously reported and subject to vesting; (b) 21,900 performance shares previously reported and subject to adjustment; and (c) a .64 share acquired through the Harris Corporation Dividend Reinvestment Plan from 12/4/10 to 6/11/10.

F5: Of the 40,000 shares granted on this 8/27/10 stock option, 13,334 shares are exercisable on 8/27/11, 13,333 shares are exercisable on 8/27/12, and 13,333 shares are exercisable on 8/27/13.