SEC Form 4 · accession 0001209191-16-106919
L3HARRIS TECHNOLOGIES, INC. /DE/ · LHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher D. Young
Officer — President, Communication Sys.
Period of report
Mar 5, 2016
Accepted (ET)
Mar 8, 2016 · 3:56 pm EST
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 | Mar 5, 2016 | M | 2,476 | — | A | 48,859 | D | |
| Common Stock, Par Value $1.00F2,F3 | Mar 5, 2016 | D | 2,476 | $81.15 | D | 46,383 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Mar 5, 2016 | M | 2,476 | D | — | — | Common Stock, Par Value $1.00 | 2,476 | 4,951 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive the cash value of one share of the Issuer's common stock. These restricted stock units pay out in cash in three installments: 2,476 units vested on 3/5/16, an additional 2,476 units will vest on 3/5/17, and the remaining 2,475 units will vest on 3/5/18. The grant was previously reported.
- F2The 2,476 shares were paid out in cash on the March 5, 2016 vest date at the closing price of the previous trading day (March 4, 2016) of $81.15.
- F3Aggregate of 46,383.12 shares listed in Column 5 of Table I includes 37,830 restricted shares previously reported and an additional .05 share due to rounding of previous reports by the Harris Corporation 401(k) Retirement Plan's recordkeeper.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney