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

Mar 8, 2010

29993_dirs_2010-03-08_d6a8ada9-a61d-47b8-87e0-f0d44bb47c36.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: 2010-03-04

Reporting Person: CAVALLUCCI EUGENE S (VP - General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-03-04 Common Stock, Par Value $1.00 I 3439.54 $46.82 Disposed 38523.06 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-03-04 Phantom Stock Units $ I 2058.82 Disposed Common Stock, Par Value $1.00 (2058.82) Direct

Footnotes

F1: The disposition of 3,439.54 shares, as reported in this Form 4, was effected pursuant to a Harris Stock Fund Transfer and Instruction Plan adopted by the reporting person on February 1, 2010. The value of the 3,439.54 shares in the Harris Corporation 401(k) Retirement Plan was transferred into alternative investment accounts under the Harris Corporation 401(k) Retirement Plan.

F2: Aggregate of 38,523.06 shares listed in Column 5 of Table 1 includes: (a) 11,700 performance shares previously reported and subject to adjustment; (b) 38.30 shares acquired through dividend reinvestment in the Harris Corporation 401(k) Retirement Plan from 9/4/09 through 11/18/09; (c) 63.31 shares acquired through the Harris Corporation Dividend Reinvestment Plan from 9/18/09 through 12/4/09; d) 194.50 shares acquired through a broker dividend reinvestment program from 9/18/09 through 12/4/09; and (e) a reduction of 4.75 shares due to rounding of previous reports of the Plan's record keeper.

F3: Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.

F4: The disposition of 2,058.82 phantom stock units, as reported in this Form 4, was effected pursuant to a Harris Stock Fund Transfer and Instruction Plan adopted by the reporting person on February 1, 2010. The value of the 2,058.82 phantom stock units in the Harris Corporation Supplemental Executive Retirement Plan was transferred into alternative investment accounts under the Harris Corporation Supplemental Executive Retirement Plan.

F5: The phantom stock units were accrued under the Harris Corporation Supplemental Executive Retirement Plan. Phantom stock units are to be settled in cash upon the reporting person's retirement or other events. Prior to settlement, the reporting person may also transfer phantom stock units into alternative investment accounts.

F6: The aggregate of 2,058.82 phantom stock units transferred out of the Harris Corporation Supplemental Executive Retirement Plan included: (a) 87.70 phantom stock units acquired through dividend reinvestment in the Harris Corporation Supplemental Executive Retirement Plan from 9/4/07 through 11/18/09; (b) 81.11 phantom stock units acquired pursuant to an adjustment to the number of phantom stock units as a result of a reinvestment into phantom stock units of the value related to the spin-off dividend distribution of the Issuer's Harris Stratex Networks, Inc. subsidiary on 5/27/09; and (c) a reduction of 7.90 phantom stock units due to rounding of previous reports of the Plan's record keeper from 7/27/07 through 3/4/10.