SEC Form 4 · accession 0001209191-18-048616

· LHX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

William M Brown

Officer — Chairman, President, and CEO · Director

Period of report

Aug 25, 2018

Accepted (ET)

Aug 28, 2018 · 2:10 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
Common Stock, Par Value $1.00^F1	Aug 25, 2018	M	44,140	$0.00	A	222,773	D
Common Stock, Par Value $1.00^F2	Aug 25, 2018	A	883	$0.00	A	223,656	D
Common Stock, Par Value $1.00^F3	Aug 25, 2018	F	17,717	$163.23	D	205,939	D
Common Stock, Par Value $1.00^F4	Aug 25, 2018	M	22,700	$0.00	A	228,639	D
Common Stock, Par Value $1.00^F5	Aug 25, 2018	A	22,700	$0.00	A	251,339	D
Common Stock, Par Value $1.00^F3,F6	Aug 25, 2018	F	17,865	$163.23	D	233,474	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 Units^F1	$0.00	Aug 25, 2018	M	44,140	D	—	—	Common Stock, Par Value $1.00	44,140	0	D
Performance Stock Units^F4	$0.00	Aug 25, 2018	M	22,700	D	—	—	Common Stock, Par Value $1.00	22,700	0	D
Performance Stock Units^F7	$0.00	Aug 25, 2018	A	29,184	A	—	—	Common Stock, Par Value $1.00	29,184	29,184	D
Restricted Stock Units^F8	$0.00	Aug 25, 2018	A	14,592	A	—	—	Common Stock, Par Value $1.00	14,592	14,592	D
Non-Qualified Stock Option (Right to Buy)^F9	$163.23	Aug 25, 2018	A	75,524	A	Aug 25, 2021	Aug 25, 2028	Common Stock, Par Value $1.00	75,524	75,524	D

Explanation of responses

F1Settlement in shares of common stock of performance stock units awarded on 8/28/2015 (previously reported) that vested at end of 3-fiscal-year performance period on 6/29/2018. (Each performance stock unit represents a contingent right to 1 share of Issuer's common stock.)
F2Settlement in shares of common stock of additional performance stock units from award described in note (1) above that vested based on award payout formula.
F3Shares withheld by Issuer to pay tax liability on vesting of performance stock units previously awarded.
F4Settlement in shares of common stock of performance stock units awarded on 8/28/2015 (previously reported) that vested at end of 3-fiscal-year performance period on 6/29/2018 based on achievement of full-year run rate net synergies from Exelis Inc. acquisition. (Each performance stock unit represents a contingent right to 1 share of Issuer's common stock.)
F5Settlement in shares of common stock of additional performance stock units from award described in note (4) above that vested based on award payout formula.
F6Aggregate of shares listed includes 22.72 shares acquired through Harris Corporation 401(k) Retirement Plan from 2/14/2018 through 5/31/2018.
F7Award of performance stock units subject to future vesting on 7/2/2021 in respect of 3-fiscal-year performance period that started 6/30/2018 and also subject to future adjustment based on award payout formula, with vested units to be settled in shares of common stock within 2.5 months of vesting. (Each performance stock unit represents a contingent right to 1 share of Issuer's common stock.)
F8Award of restricted stock units subject to future vesting on 8/25/2021. (Each restricted stock unit represents a contingent right to 1 share of Issuer's common stock.)
F9Aggregate number of options vests and becomes exercisable as follows: 25,175 on first anniversary of grant date, additional 25,175 on second anniversary of grant date and remaining 25,174 on third anniversary of grant date.

Remarks

Exhibit List: Exhibit 24 - Power of Attorney