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L3HARRIS TECHNOLOGIES, INC. /DE/ — Director's Dealing 2016
Aug 30, 2016
29993_dirs_2016-08-30_c25f7a42-a598-425d-bdcc-673407df63f1.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: 2016-08-26
Reporting Person: GATTLE WILLIAM H (President, Space and Intel Sys)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-26 | Common Stock, Par Value $1.00 | M | 2200 | $0.00 | Acquired | 3801 | Direct |
| 2016-08-26 | Common Stock, Par Value $1.00 | A | 1047 | $0.00 | Acquired | 4848 | Direct |
| 2016-08-26 | Common Stock, Par Value $1.00 | F | 1363 | $90.84 | Disposed | 3485 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-26 | Performance Stock Units | $0.00 | M | 2200 | Disposed | Common Stock, Par Value $1.00 (2200) | Direct | |
| 2016-08-26 | Non-Qualified Stock Option (Right to Buy) | $90.84 | A | 27800 | Acquired | 2026-08-26 | Common Stock, Par Value $1.00 (27800) | Direct |
| 2016-08-26 | Performance Stock Units | $0.00 | A | 4295 | Acquired | Common Stock, Par Value $1.00 (4295) | 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 8/23/13 that vested on 7/1/16 and were paid in shares of common stock on 8/26/16. Each performance stock unit represents a contingent right to one share of the Issuer's common stock. The performance stock unit grant was previously reported.
F2: Increase in vested performance stock units granted 8/23/2013 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/26/16.
F3: Shares withheld by company to pay tax liability on vesting of performance stock units previously awarded.
F4: Of the 27,800 options granted on this 8/26/16 stock option, 9,267 options become exercisable on 8/26/17, an additional 9,267 options become exercisable on 8/26/18, and the remaining 9,266 options become exercisable on 8/26/19.
F5: 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 7/2/16. The 4,295 performance stock units will vest on 6/28/19. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting.