CAVALLUCCI EUGENE S 4
4 · HARRIS CORP /DE/ · Filed Aug 26, 2008
Insider Transaction Report
Form 4
CAVALLUCCI EUGENE S
VP - General Counsel
Transactions
- Award
Common Stock, Par Value $1.00
2008-08-22+1,440→ 44,462.01 total - Award
Non-Qualified Stock Option (Right to Buy)
2008-08-22+28,600→ 28,600 totalExercise: $51.75Exp: 2015-08-22→ Common Stock, Par Value $1.00 (28,600 underlying) - Tax Payment
Common Stock, Par Value $1.00
2008-08-22$51.75/sh−2,275$117,731→ 42,187.01 total - Award
Common Stock, Par Value $1.00
2008-08-22+7,200→ 43,022.01 total
Footnotes (5)
- [F1]Grant of performance shares pursuant to the Harris Corporation 2005 Equity Incentive Plan. Performance shares are subject to future adjustment; performance period starts 6/28/08.
- [F2]Increase in performance shares granted 8/26/05 based upon performance share payout formula.
- [F3]Shares withheld by company to pay tax liability on vesting of performance shares previously awarded.
- [F4]Aggregate of 42,187.01 shares listed in Column 5 of Table I includes: (a) 10,400 performance shares previously reported and subject to adjustment; (b) 15.27 shares acquired through the Harris Corporation Dividend Reinvestment Plan on 6/13/08; (c) 7.53 shares acquired through the Harris Corporation 401(k) Retirement Plan on 5/28/08; (d) 31.01 shares acquired through a broker dividend reinvestment program on 6/13/08; and (e) a reduction of 5.17 shares due to rounding of previous reports of the Plan's record keeper.
- [F5]Of the 28,600 shares granted on this 8/22/08 stock option, 14,300 shares are exercisable on 8/22/09, 7,150 shares are exercisable on 8/22/10, and 7,150 shares are exercisable on 8/22/11.