SEC Form 4 · accession 0001209191-17-050556
L3HARRIS TECHNOLOGIES, INC. /DE/ · LHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheldon J Fox
Officer — SVP, Operations and IT
Period of report
Aug 25, 2017
Accepted (ET)
Aug 29, 2017 · 4:13 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 25, 2017 | M | 7,700 | $0.00 | A | 61,392 | D | |
| Common Stock, Par Value $1.00F2 | Aug 25, 2017 | A | 986 | $0.00 | A | 62,378 | D | |
| Common Stock, Par Value $1.00F3,F4 | Aug 25, 2017 | F | 3,644 | $119.66 | D | 58,734 | 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 25, 2017 | M | 7,700 | D | — | — | Common Stock, Par Value $1.00 | 7,700 | 0 | D |
| Performance Stock UnitsF5 | $0.00 | Aug 25, 2017 | A | 5,165 | A | — | — | Common Stock, Par Value $1.00 | 5,165 | 5,165 | D |
| Restricted Stock UnitsF6 | $0.00 | Aug 25, 2017 | A | 2,583 | A | — | — | Common Stock, Par Value $1.00 | 2,583 | 2,583 | D |
| Non-Qualified Stock Option (Right to Buy)F7 | $119.66 | Aug 25, 2017 | A | 16,609 | A | Aug 25, 2020 | Aug 25, 2027 | Common Stock, Par Value $1.00 | 16,609 | 16,609 | 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 8/22/14 that vested on 6/30/17 and were paid in shares of common stock on 8/25/17. 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 8/22/14 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/25/17.
- F3Shares withheld by company to pay tax liability on vesting of performance stock units previously awarded.
- F4Aggregate of 58,734.38 shares listed in Column 5 of Table I includes 4,879 restricted shares previously reported.
- 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 7/1/17. The 5,165 performance stock units will vest on 7/3/20. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting.
- F6Each restricted stock unit represents a contingent right to one share of the Issuer's common stock. Restricted stock units are subject to future vesting. The 2,583 restricted stock units vest on 8/25/20.
- F7Of the 16,609 options granted on this 8/25/17 stock option, 5,537 options become exercisable on 8/25/18, an additional 5,536 options become exercisable on 8/25/19, and the remaining 5,536 options become exercisable on 8/25/20.