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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.