SEC Form 4 · accession 0001209191-18-048628
L3HARRIS TECHNOLOGIES, INC. /DE/ · LHX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott T Mikuen
Officer — Sr VP-General Counsel & Secy
Period of report
Aug 24, 2018
Accepted (ET)
Aug 28, 2018 · 2:28 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 24, 2018 | M | 6,310 | $0.00 | A | 53,553 | D | |
| Common Stock, Par Value $1.00F2 | Aug 24, 2018 | A | 126 | $0.00 | A | 53,679 | D | |
| Common Stock, Par Value $1.00F3,F4 | Aug 24, 2018 | F | 2,533 | $163.32 | D | 51,146 | 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 24, 2018 | M | 6,310 | D | — | — | Common Stock, Par Value $1.00 | 6,310 | 0 | D |
| Performance Stock UnitsF5 | $0.00 | Aug 24, 2018 | A | 3,980 | A | — | — | Common Stock, Par Value $1.00 | 3,980 | 3,980 | D |
| Restricted Stock UnitsF6 | $0.00 | Aug 24, 2018 | A | 1,990 | A | — | — | Common Stock, Par Value $1.00 | 1,990 | 1,990 | D |
| Non-Qualified Stock Option (Right to Buy)F7 | $163.23 | Aug 24, 2018 | A | 10,299 | A | Aug 24, 2021 | Aug 24, 2028 | Common Stock, Par Value $1.00 | 10,299 | 10,299 | 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.
- F4Aggregate of shares listed includes: (a) 24.22 shares acquired through Harris Corporation 401(k) Retirement Plan ("Plan") from 4/11/18 through 5/31/18; (b) 2.89 shares acquired through Harris Corporation Dividend Reinvestment Plan on 6/15/18; and (c) a reduction of 3.05 shares due rounding of previous reports by Plan's record keeper.
- F5Award 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.)
- F6Award of restricted stock units subject to future vesting on 8/24/2021. (Each restricted stock unit represents a contingent right to 1 share of Issuer's common stock.)
- F7Aggregate number of options vests and becomes exercisable as follows: 3,433 on first anniversary of grant date, additional 3,433 on second anniversary of grant date and remaining 3,433 on third anniversary of grant date.