Young Christopher D. 4
4 · HARRIS CORP /DE/ · Filed Aug 28, 2018
Insider Transaction Report
Form 4
Young Christopher D.
President, Communications
Transactions
- Exercise/Conversion
Common Stock, Par Value $1.00
2018-08-24+3,945→ 27,848.38 total - Tax Payment
Common Stock, Par Value $1.00
2018-08-24$163.23/sh−1,971$321,726→ 25,956.38 total - Award
Performance Stock Units
2018-08-24+2,156→ 2,156 totalExercise: $0.00→ Common Stock, Par Value $1.00 (2,156 underlying) - Award
Non-Qualified Stock Option (Right to Buy)
2018-08-24+5,579→ 5,579 totalExercise: $163.23From: 2021-08-24Exp: 2028-08-24→ Common Stock, Par Value $1.00 (5,579 underlying) - Award
Common Stock, Par Value $1.00
2018-08-24+79→ 27,927.38 total - Exercise/Conversion
Performance Stock Units
2018-08-24−3,945→ 0 totalExercise: $0.00→ Common Stock, Par Value $1.00 (3,945 underlying) - Award
Restricted Stock Units
2018-08-24+1,078→ 1,078 totalExercise: $0.00→ Common Stock, Par Value $1.00 (1,078 underlying)
Footnotes (7)
- [F1]Settlement 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.).
- [F2]Settlement in shares of common stock of additional performance stock units from award described in note (1) above that vested based on award payout formula.
- [F3]Shares withheld by Issuer to pay tax liability on vesting of performance stock units previously awarded.
- [F4]Aggregate of shares listed includes: (a) 29.40 shares acquired through Harris Corporation 401(k) Retirement Plan ("Plan") from 4/11/18 through 5/31/18 and (b) a reduction of 1.23 shares due to a rounding of previous reports by Plan's record keeper.
- [F5]Award 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.)
- [F6]Award 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.)
- [F7]Aggregate number of options vests and becomes exercisable as follows: 1,860 on first anniversary of grant date, additional 1,860 on second anniversary of grant date and remaining 1,859 on third anniversary of grant date.