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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2013
Aug 27, 2013
29993_dirs_2013-08-27_34aecc55-9476-4be2-9a62-2c255a5b60d6.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: 2013-08-23
Reporting Person: MIKUEN SCOTT T (Sr VP-General Counsel & Secy)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-08-23 | Common Stock, Par Value $1.00 | D | 3585 | $0.00 | Disposed | 19569.63 | Direct |
| 2013-08-23 | Common Stock, Par Value $1.00 | F | 888 | $56.97 | Disposed | 18681.63 | Direct |
| 2013-08-26 | Common Stock, Par Value $1.00 | M | 900 | $0.00 | Acquired | 19581.63 | Direct |
| 2013-08-26 | Common Stock, Par Value $1.00 | F | 378 | $57.02 | Disposed | 19203.63 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-08-23 | Non-Qualified Stock Option (Right to Buy) | $56.97 | A | 40000 | Acquired | 2023-08-23 | Common Stock, Par Value $1.00 (40000) | Direct |
| 2013-08-23 | Performance Stock Units | $0.00 | A | 8900 | Acquired | Common Stock, Par Value $1.00 (8900) | Direct | |
| 2013-08-23 | Restricted Stock Units | $0.00 | A | 1500 | Acquired | Common Stock, Par Value $1.00 (1500) | Direct | |
| 2013-08-26 | Restricted Stock Units | $0.00 | M | 900 | Disposed | Common Stock, Par Value $1.00 (900) | Direct |
Footnotes
F1: Decrease in performance shares granted 8/27/10 based upon performance share payout formula.
F2: Shares withheld by company to pay tax liability on vesting of performance shares previously awarded.
F3: Each restricted stock unit represented a contingent right to receive one share of the Issuer's common stock. The 900 restricted stock units granted on 8/26/11 were vested and paid in shares of common stock on 8/26/13. The grant was previously reported.
F4: Shares withheld by company to pay tax liability on vesting of restricted stock units previously awarded.
F5: Aggregate of 19,203.63 shares listed in Column 5 of Table I includes: (a) 63.01 shares acquired through the Harris Corporation 401(k) Retirement Plan from 11/20/12 through 5/29/13 and (b) 10.48 shares acquired through the Harris Corporation Dividend Reinvestment Plan from 3/20/13 through 6/19/13.
F6: Of the 40,000 shares granted on this 8/23/13 stock option, 13,334 shares are exercisable on 8/23/14, 13,333 shares are exercisable on 8/23/15, and 13,333 shares are exercisable on 8/23/16.
F7: Each performance stock unit represents a contingent right to one share of the Issuer's common stock. Performance stock units are subject to future adjustment; performance period started 6/29/13. The 8,900 performance stock units will vest on 7/1/16. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting.
F8: Each restricted stock unit represents a contingent right to one share of the Issuer's common stock. The 1,500 restricted stock units vest on 8/23/16.