AI assistant
L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2019
Jul 11, 2019
29993_dirs_2019-07-11_2ce9d223-10f3-4af5-85fe-1d38d2661352.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK: 0000202058
Period of Report: 2019-07-09
Reporting Person: HAY LEWIS III (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-07-09 | Phantom Stock Units | $ | D | 23047.96 | Disposed | Common Stock, Par Value $1.00 (23047.96) | Direct |
Footnotes
F1: Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
F2: The phantom stock units, were accrued under the Harris Corporation 2005 Directors' Deferred Compensation Plan (the "Plan") and were settled in cash pursuant to the terms of the Plan in connection with the Change in Control (as defined in the Plan) that occurred upon completion of the merger of Leopard Merger Sub Inc., a subsidiary of the Issuer, with and into L3 Technologies, Inc. on June 29, 2019 pursuant to the Agreement and Plan of Merger, dated as of October 12, 2018. Prior to cash settlement, the reporting person had the right to transfer the phantom stock units into alternative investment accounts if applicable ownership guidelines were satisfied.