HENRY ROBERT K 4
4 · HARRIS CORP /DE/ · Filed May 7, 2010
Insider Transaction Report
Form 4
HENRY ROBERT K
Exec. VP and COO
Transactions
- Discretionary Transaction
Phantom Stock Units
2010-05-06$49.89/sh−29,970.2$1,495,213→ 0 total→ Common Stock, Par Value $1.00 (29,970.2 underlying)
Footnotes (4)
- [F1]Each phantom stock unit is the economic equivalent of one share of the Issuer's common stock.
- [F2]The disposition of 29,970.20 phantom stock units, as reported in this Form 4, was effected pursuant to a Harris Stock Fund Transfer and Instruction Plan adopted by the reporting person on December 3, 2009. The value of the 29,970.20 phantom stock units in the Harris Corporation Supplemental Executive Retirement Plan was transferred into alternative investment accounts under the Harris Corporation Supplemental Executive Retirement Plan.
- [F3]The phantom stock units were accrued under the Harris Corporation Supplemental Executive Retirement Plan. Phantom stock units are to be settled in cash upon the reporting person's retirement or other events. Prior to settlement, the reporting person may also transfer phantom stock units into alternative investment accounts.
- [F4]The aggregate of 29,970.20 phantom stock units transferred out of the Harris Corporation Supplemental Executive Retirement Plan included: (a) 288.69 phantom stock units acquired through dividend reinvestment in the Harris Corporation Supplemental Executive Retirement Plan from 11/18/09 through 3/4/10 and (b) a reduction of 81.79 phantom stock units due to rounding of previous reports of the Plan's record keeper from 7/31/09 through 5/6/10.