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

Aug 31, 2010

29993_dirs_2010-08-31_93343e97-24ac-4d2e-96c6-b1517168317e.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: 2010-08-28

Reporting Person: LANCE HOWARD L (Director, Chairman, President, and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-08-28 Common Stock, Par Value $1.00 A 7650 $0.00 Acquired 375040.68 Direct
2010-08-28 Common Stock, Par Value $1.00 F 13942 $42.87 Disposed 361098.68 Direct
2010-08-28 Common Stock, Par Value $1.00 A 49800 $0.00 Acquired 410898.68 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-08-28 Non-Qualified Stock Option (Right to Buy) $42.87 A 178400 Acquired 2020-08-28 Common Stock, Par Value $1.00 (178400) Direct

Footnotes

F1: Increase in performance shares granted 8/27/07 based upon performance share payout formula.

F2: Shares withheld by company to pay tax liability on vesting of performance shares previously awarded.

F3: 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.

F4: Aggregate of 410,898.68 shares listed in Column 5 of Table I includes: (a) 119,000 performance shares previously reported and subject to adjustment; (b) 2.60 shares acquired through the Harris Corporation 401(k) Retirement Plan ("Plan") on 5/27/10; and (d) a reduction of 3.29 shares due to rounding of previous reports of the Plan's record keeper.

F5: Of the 178,400 shares granted on this 8/28/10 stock option, 59,467 shares are exercisable on 8/28/11, 59,467 shares are exercisable on 8/28/12, and 59,466 shares are exercisable on 8/28/13.