L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2022

Mar 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)
CIK: 0000202058
Period of Report: 2022-02-25

Reporting Person: ZOISS EDWARD J (Pres. Space & Airborne Systems)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-25	Performance Stock Units	$0.00	A	12888	Acquired		Common Stock, Par Value $1.00 (12888)	Direct
2022-02-25	Non-Qualified Stock Option (Right to Buy)	$204.85	A	34707	Acquired	2029-08-01	Common Stock, Par Value $1.00 (34707)	Direct
2022-02-25	Non-Qualified Stock Option (Right to Buy)	$233.51	A	10182	Acquired	2032-02-25	Common Stock, Par Value $1.00 (10182)	Direct
2022-02-25	Performance Stock Units	$0.00	A	4711	Acquired		Common Stock, Par Value $1.00 (4711)	Direct
2022-02-25	Restricted Stock Units	$0.00	A	2356	Acquired		Common Stock, Par Value $1.00 (2356)	Direct

Footnotes

F1: On August 1, 2019, the reporting person was granted performance stock units subject to future vesting and future adjustment, in each case, based on an 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 merger that established L3Harris Technologies, Inc. (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. The maximum level was satisfied, resulting in vesting of the performance stock units at 400% of target, subject to the reporting person's continuing employment through 6/29/2022 (with certain exceptions). The reporting person voluntarily reported the grant of these performance stock units, at target, in a Form 4 filed on 8/5/2019.

F2: On August 1, 2019, the reporting person was granted an option to purchase 34,707 shares of Issuer's common stock subject to future vesting contingent on achievement by 12/31/2021 of a threshold level for full-year run rate gross synergies from the L3Harris Merger. The performance criteria were met, resulting in vesting of the option, subject to the reporting person's continuing employment through 6/29/2022 (with certain exceptions). The reporting person voluntarily reported the grant of this option in a Form 4 filed on 8/5/2019.

F3: Grant of options to purchase shares of Issuer's common stock subject to future vesting and exercisability: 3,394 on first anniversary of grant date, additional 3,394 on second anniversary of grant date and remaining 3,394 on third anniversary of grant date.

F4: Award of performance stock units subject to future vesting on 12/27/2024 in respect of 3-fiscal-year performance period that started January 1, 2022 and also subject to future adjustment based on award payout formula. 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.

F5: Award of restricted stock units subject to future vesting on 2/25/2025. (Each restricted stock unit represents a contingent right to 1 share of Issuer's common stock.)