SEC Form 4 · accession 0001209191-18-013277
L3HARRIS TECHNOLOGIES, INC. /DE/ · LHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rahul Ghai
Officer — Sr. VP & Chief Financial Off.
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 1:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000202058
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F1 | $79.70 | Feb 22, 2018 | A | 23,100 | A | Jun 1, 2018 | Jun 1, 2025 | Common Stock, Par Value $1.00 | 23,100 | 23,100 | D |
Explanation of responses
- F1On June 1, 2015, the reporting person was granted an option to purchase shares of common stock with vesting contingent upon (1) continuing employment through June 1, 2018, and (2) a performance condition of the achievement of full-year run rate net synergies from the Exelis Inc. acquisition. The performance condition was satisfied. As a result, on June 1, 2018, options to acquire 23,100 shares of common stock will vest. This represents 200% of the target number of options to purchase shares of common stock as the performance condition was satisfied above 133% of target full-year run rate net synergies.