SEC Form 4 · accession 0001209191-15-068806
L3HARRIS TECHNOLOGIES, INC. /DE/ · LHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl D D'Alessandro
Officer — President, Critical Networks
Period of report
Aug 28, 2015
Accepted (ET)
Sep 1, 2015 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000202058
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $1.00F1 | Aug 28, 2015 | M | 1,250 | $0.00 | A | 8,573 | D | |
| Common Stock, Par Value $1.00F2 | Aug 28, 2015 | A | 256 | $0.00 | A | 8,829 | D | |
| Common Stock, Par Value $1.00F3 | Aug 28, 2015 | F | 632 | $77.54 | D | 8,197 | D | |
| Common Stock, Par Value $1.00F1 | Aug 28, 2015 | M | 450 | $0.00 | A | 2,131 | I | by Spouse |
| Common Stock, Par Value $1.00F2 | Aug 28, 2015 | A | 92 | $0.00 | A | 2,223 | I | by Spouse |
| Common Stock, Par Value $1.00F3 | Aug 28, 2015 | F | 198 | $77.54 | D | 2,025 | I | by Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | $0.00 | Aug 28, 2015 | M | 1,250 | D | — | — | Common Stock, Par Value $1.00 | 1,250 | 0 | D |
| Performance Stock UnitsF1 | $0.00 | Aug 28, 2015 | M | 450 | D | — | — | Common Stock, Par Value $1.00 | 450 | 0 | I |
| Non-Qualified Stock Option (Right to Buy)F4 | $77.54 | Aug 28, 2015 | A | 18,410 | A | Aug 28, 2018 | Aug 28, 2025 | Common Stock, Par Value $1.00 | 18,410 | 18,410 | D |
| Performance Stock UnitsF5 | $0.00 | Aug 25, 2015 | A | 3,155 | A | — | — | Common Stock, Par Value $1.00 | 3,155 | 3,155 | D |
Explanation of responses
- F1This transaction represents the settlement of vested performance stock units in shares of common stock. These were performance stock units granted on 8/24/12 that vested on 7/3/15 and were paid in shares of common stock on 8/28/15. 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.
- F2Increase in vested performance stock units granted 8/24/12 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/28/15.
- F3Shares withheld by company to pay tax liability on vesting of performance stock units previously awarded.
- F4Of the 18,410 shares granted on this 8/28/15 stock option, 6,137 shares will become exercisable on 8/28/16, an additional 6,137 shares will become exercisable on 8/28/17, and the remaining 6,136 shares will become exercisable on 8/28/18.
- F5Each 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 7/4/15. The 3,155 performance stock units will vest on 6/29/18. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney