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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2019
Aug 5, 2019
29993_dirs_2019-08-05_c5ebbb2e-d82a-4b52-a58e-a38a4ed029a8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK: 0000202058
Period of Report: 2019-08-01
Reporting Person: MEHNERT DANA A (Segment President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-08-01 | Non-Qualified Stock Option (Right to Buy) | $204.85 | A | 34707 | Acquired | 2029-08-01 | Common Stock, Par Value $1.00 (34707) | Direct |
| 2019-08-01 | Performance Stock Units | $0.00 | A | 3222 | Acquired | Common Stock, Par Value $1.00 (3222) | Direct | |
| 2019-08-01 | Restricted Stock Units | $0.00 | A | 3906 | Acquired | Common Stock, Par Value 1.00 (3906) | Direct |
Footnotes
F1: Grant of options to purchase shares of Issuer's common stock subject to future vesting on 6/29/2022 contingent on (1) continuing employment through that date (with certain exceptions) and (2) achievement by 12/31/2021 of a threshold level for full-year run rate gross synergies from the merger that established L3Harris Technologies, Inc. (the "L3Harris Merger").
F2: Award of performance stock units subject to future vesting on 6/29/2022 and future adjustment, in each case, based on award payout formula that measures achievement by 12/31/2021 of a target level (with a minimum threshold) for full-year run rate gross synergies from the L3Harris Merger, with an upward or downward modifier for cumulative earnings per share performance relative to a target. Each performance stock unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock.
F3: Award of restricted stock units subject to future vesting on 8/1/2022. Each restricted stock unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock.