SEC Form 4 · accession 0001209191-15-068825
L3HARRIS TECHNOLOGIES, INC. /DE/ · LHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott T Mikuen
Officer — Sr VP-General Counsel & Secy
Period of report
Aug 28, 2015
Accepted (ET)
Sep 1, 2015 · 4:40 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 | 8,500 | $0.00 | A | 42,201 | D | |
| Common Stock, Par Value $1.00F2 | Aug 28, 2015 | A | 1,743 | $0.00 | A | 43,944 | D | |
| Common Stock, Par Value $1.00F3 | Aug 28, 2015 | F | 4,297 | $77.54 | D | 39,647 | D | |
| Common Stock, Par Value $1.00F4 | Aug 28, 2015 | M | 200 | $0.00 | A | 39,847 | D | |
| Common Stock, Par Value $1.00F2 | Aug 28, 2015 | A | 41 | $0.00 | A | 39,888 | D | |
| Common Stock, Par Value $1.00F3,F5 | Aug 28, 2015 | F | 102 | $77.54 | D | 39,786 | D |
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 | 8,500 | D | — | — | Common Stock, Par Value $1.00 | 8,500 | 0 | D |
| Performance Stock UnitsF4 | $0.00 | Aug 28, 2015 | M | 200 | D | — | — | Common Stock, Par Value $1.00 | 200 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F6 | $77.54 | Aug 28, 2015 | A | 36,820 | A | Aug 28, 2018 | Aug 28, 2025 | Common Stock, Par Value $1.00 | 36,820 | 36,820 | D |
| Performance Stock UnitsF7 | $0.00 | Aug 28, 2015 | A | 6,310 | A | — | — | Common Stock, Par Value $1.00 | 6,310 | 6,310 | 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.
- F4This transaction represents the settlement of vested performance stock units in shares of common stock. These were performance stock units granted on 3/1/13 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.
- F5Aggregate of 35,785.52 shares listed in Column 5 of Table I includes: (a) 3,140 restricted shares previously reported; (b) 17.13 shares acquired through the Harris Corporation 401(k) Retirement Plan ("Plan") on 5/20/15; (c) 4.24 shares acquired through the Harris Corporation Dividend Reinvestment Plan on 6/12/15; and (d) a reduction of 2.03 shares due to rounding of previous reports by the Plan's record keeper.
- F6Of the 36,820 shares granted on this 8/28/15 stock option, 12,274 options become exercisable on 8/28/16, an additional 12,273 shares become exercisable on 8/28/17, and the remaining 12,273 shares become exercisable on 8/28/18.
- F7Each 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 6,310 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.