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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2010
Mar 8, 2010
29993_dirs_2010-03-08_bd49e802-e490-4f4b-8934-647e78b2fa71.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: PEARSON DANIEL R (Group Pres. - Govt. Comm. Sys.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-03-04 | Common Stock, Par Value $1.00 | S | 10000 | $46.17 | Disposed | 72066.14 | Direct |
| 2010-03-04 | Common Stock, Par Value $1.00 | I | 2056.2 | $46.82 | Disposed | 70009.94 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-03-04 | Phantom Stock Units | $ | I | 2575.72 | Disposed | Common Stock, Par Value $1.00 (2575.72) | Direct |
Footnotes
F1: The sale of 10,000 shares as reported in this Form 4 were sold pursuant to a sale plan adopted by the reporting person on February 1, 2010, pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F2: The 10,000 shares were sold at a weighted average sale price of $46.17. The prices actually received ranged from $45.93 to $46.72. The reporting person will provide to 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: The disposition of 2,056.20 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 2,056.20 shares in the Harris Corporation 401(k) Retirement Plan was transferred into alternative investment accounts under the Harris Corporation 401(k) Retirement Plan.
F4: Aggregate of 70,009.94 shares listed in Column 5 of Table 1 includes: (a) 26,100 performance shares previously reported and subject to adjustment; (b) 14,000 restricted shares previously reported and subject to vesting; (c) 22.90 shares acquired through dividend reinvestment in the Harris Corporation 401(k) Retirement Plan from 9/4/09 through 11/18/09; (d) a .71 share acquired through the Harris Corporation Dividend Reinvestment Plan from 9/18/09 through 12/4/09; and (e) a reduction of 2.84 shares due to rounding of previous reports of the Plan's record keeper.
F5: Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
F6: The disposition of 2,575.72 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 2,575.72 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.
F7: 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.
F8: The aggregate of 2,575.72 phantom stock units transferred out of the Supplemental Executive Retirement Plan included: (a) 115.03 phantom stock units acquired through dividend reinvestment in the Harris Corporation Supplemental Executive Retirement Plan from 5/25/07 through 11/18/09; (b) 101.47 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 9.97 phantom stock units due to rounding of previous reports of the Plan's record keeper from 7/27/07 through 3/4/10.