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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2013
Aug 27, 2013
29993_dirs_2013-08-27_30d9a371-ffff-4af1-8c09-d1c70c00b2a3.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: Brown William M (President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-08-23 | Common Stock, Par Value $1.00 | M | 28083 | $0.00 | Acquired | 28083 | Direct |
| 2013-08-23 | Common Stock, Par Value $1.00 | A | 1600 | $0.00 | Acquired | 29683 | Direct |
| 2013-08-23 | Common Stock, Par Value $1.00 | F | 12453 | $56.97 | Disposed | 17230 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-08-23 | Performance Stock Units | $0.00 | M | 28083 | Disposed | Common Stock, Par Value $1.00 (28083) | Direct | |
| 2013-08-23 | Performance Stock Units | $0.00 | A | 1601 | Acquired | Common Stock, Par Value $1.00 (1601) | Direct | |
| 2013-08-23 | Non-Qualified Stock Option (Right to Buy) | $56.97 | A | 177900 | Acquired | 2023-08-23 | Common Stock, Par Value $1.00 (177900) | Direct |
| 2013-08-23 | Performance Stock Units | $0.00 | A | 39500 | Acquired | Common Stock, Par Value $1.00 (39500) | Direct | |
| 2013-08-23 | Restricted Stock Units | $0.00 | A | 3500 | Acquired | Common Stock, Par Value $1.00 (3500) | Direct |
Footnotes
F1: This transaction represents the settlement of vested performance stock units in shares of common stock. These were performance stock units granted on 11/1/11 that vested on 6/28/13 and were paid in shares of common stock on 8/23/13. Each performance stock unit represents a contingent right to one share of the Issuer's common stock. The remaining 50% of the performance stock units will vest on 7/1/14. The grant was previously reported.
F2: Increase in vested performance stock units granted 11/1/11 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/23/13.
F3: Shares withheld by company to pay tax liability on vesting of performance stock units previously awarded.
F4: Increase in unvested performance stock units granted 11/1/11 based upon performance stock unit payout formula resulting in an additional payment in performance stock units on future vest date of 7/1/14. Each performance stock unit represents a contingent right to one share of the Issuer's common stock.
F5: The remaining performance stock units granted on 11/1/11 will vest on 7/1/14 and will be paid in shares of common stock. The grant was previously reported.
F6: Of the 177,900 shares granted on this 8/23/13 stock option, 59,300 shares are exercisable on 8/23/14, 59,300 shares are exercisable on 8/23/15, and 59,300 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 39,500 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 3,500 restricted stock units vest on 8/23/16.