SEC Form 4 · accession 0001209191-18-024625
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, 2018
Accepted (ET)
Apr 11, 2018 · 4:17 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 | Mar 5, 2018 | M | 2,475 | — | A | 44,859 | D | |
| Common Stock, Par Value $1.00F2,F3 | Mar 5, 2018 | D | 2,475 | $154.26 | D | 42,384 | 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, 2018 | M | 2,475 | D | — | — | Common Stock, Par Value $1.00 | 2,475 | 0 | 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 vested on 3/5/17, and the remaining 2,475 units vested on 3/5/18. This grant was previously reported.
- F2The 2,475 shares were paid out in cash on the March 5, 2018 vest date at the closing price of $154.26.
- F3Aggregate of 42,384.45 shares listed in Column 5 of Table I includes: (a) 37,830 restricted shares previously reported and (b) 23.10 shares acquired through the Harris Corporation 401(k) Retirement Plan from 9/7/17 through 2/28/18.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney