SEC Form 4 · accession 0001209191-17-050582
L3HARRIS TECHNOLOGIES, INC. /DE/ · LHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward J Zoiss
Officer — President, Electronic Systems
Period of report
Aug 25, 2017
Accepted (ET)
Aug 29, 2017 · 4:27 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 | 1,500 | $0.00 | A | 3,202 | D | |
| Common Stock, Par Value $1.00F2 | Aug 25, 2017 | A | 192 | $0.00 | A | 3,394 | D | |
| Common Stock, Par Value $1.00F3 | Aug 25, 2017 | F | 710 | $119.66 | D | 2,684 | 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 | 1,500 | D | — | — | Common Stock, Par Value $1.00 | 1,500 | 0 | D |
| Performance Stock UnitsF4 | $0.00 | Aug 25, 2017 | A | 3,818 | A | — | — | Common Stock, Par Value $1.00 | 3,818 | 3,818 | D |
| Restricted Stock UnitsF5 | $0.00 | Aug 25, 2017 | A | 1,909 | A | — | — | Common Stock, Par Value $1.00 | 1,909 | 1,909 | D |
| Non-Qualified Stock Option (Right to Buy)F6 | $119.66 | Aug 25, 2017 | A | 12,277 | A | Aug 25, 2020 | Aug 25, 2027 | Common Stock, Par Value $1.00 | 12,277 | 12,277 | 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.
- F4Each 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 3,818 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.
- F5Each 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 1,909 restricted stock units vest on 8/25/20.
- F6Of the 12,277 options granted on this 8/25/17 stock option, 4,093 options become exercisable on 8/25/18, an additional 4,092 options become exercisable on 8/25/19, and the remaining 4,092 options become exercisable on 8/25/20.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney