GATTLE WILLIAM H 4

Accession 0001209191-19-040132

CIK 0000202058other

View on SEC.gov Company Profile

Filed

Jul 1, 8:00 PM ET

Accepted

Jul 2, 3:02 PM ET

Size

42.3 KB

Accession

0001209191-19-040132

Insider Transaction Report

Form 4

Period: 2019-06-29

L3HARRIS TECHNOLOGIES, INC. /DE/LHX

GATTLE WILLIAM H

President, Space and Intel Sys

Transactions

Award
Common Stock, Par Value $1.00
2019-06-29+2,478→ 13,757.44 total
Award
Common Stock, Par Value $1.00
2019-06-29+2,239→ 16,474.44 total
Exercise/Conversion
Performance Stock Units
2019-06-29−4,295→ 0 total
Exercise: $0.00→ Common Stock, Par Value $1.00 (4,295 underlying)
Exercise/Conversion
Performance Stock Units
2019-06-29−3,144→ 0 total
Exercise: $0.00→ Common Stock, Par Value $1.00 (3,144 underlying)
Exercise/Conversion
Performance Stock Units
2019-06-29−2,985→ 0 total
Exercise: $0.00→ Common Stock, Par Value $1.00 (2,985 underlying)
Exercise/Conversion
Common Stock, Par Value $1.00
2019-06-29+3,144→ 14,235.44 total
Tax Payment
Common Stock, Par Value $1.00
2019-06-29$189.13/sh−2,119$400,766→ 14,355.44 total
Exercise/Conversion
Common Stock, Par Value $1.00
2019-06-29+2,985→ 17,340.44 total
Tax Payment
Common Stock, Par Value $1.00
2019-06-29$189.13/sh−1,993$376,936→ 17,425.44 total
Tax Payment
Common Stock, Par Value $1.00
2019-06-29$189.13/sh−602$113,856→ 18,395.44 total
Tax Payment
Common Stock, Par Value $1.00
2019-06-29$189.13/sh−588$111,208→ 19,300.44 total
Exercise/Conversion
Common Stock, Par Value $1.00
2019-06-29+4,295→ 11,279.44 total
Award
Common Stock, Par Value $1.00
2019-06-29+2,078→ 19,418.44 total
Exercise/Conversion
Common Stock, Par Value $1.00
2019-06-29+1,572→ 18,997.44 total
Exercise/Conversion
Common Stock, Par Value $1.00
2019-06-29+1,493→ 19,888.44 total
Exercise/Conversion
Restricted Stock Units
2019-06-29−1,572→ 0 total
Exercise: $0.00→ Common Stock, Par Value $1.00 (1,572 underlying)
Tax Payment
Common Stock, Par Value $1.00
2019-06-29$189.13/sh−2,666$504,221→ 11,091.44 total
Exercise/Conversion
Restricted Stock Units
2019-06-29−1,493→ 0 total
Exercise: $0.00→ Common Stock, Par Value $1.00 (1,493 underlying)

Footnotes (11)

[F1]The 4,295 performance stock units were awarded on August 26, 2016 (previously reported) and vested at the end of the three-year fiscal performance period on June 28, 2019.
[F10]The restricted stock units were awarded on August 24, 2018 (previously reported). Pursuant to the Merger Agreement, on completion of the Merger, any vesting conditions applicable to each outstanding restricted stock unit, automatically were deemed satisfied and accelerated in full with each restricted stock unit settled in one share of the Issuer's common stock.
[F11]Includes a .30 share acquired through the Harris Corporation 401(k) Retirement Plan on 5/16/19.
[F2]Settlement in shares of common stock of additional performance stock units from award described in footnote 1 that vested based on the performance determination.
[F3]Shares withheld by Issuer to pay tax liability on vesting of performance stock units.
[F4]The 3,144 performance stock units were awarded on August 25, 2017 (previously reported) and were initially scheduled to vest at the end of the three-year fiscal performance period on July 3, 2020. On June 29, 2019, the merger (the "Merger") of Leopard Merger Sub Inc., a subsidiary of the Issuer, with and into L3 Technologies, Inc. pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 12, 2018, was completed. On completion of the Merger, any vesting conditions applicable to performance stock units, automatically were deemed satisfied and accelerated in full with respect to a number of shares of the Issuer's common stock based on the greater of target and the actual level of performance through the effective time of the Merger (as determined by the compensation committee of the Board of the Issuer), with each earned performance stock unit settled in one share of the Issuer's common stock.
[F5]Settlement in shares of common stock of additional performance stock units from award described in footnote 4 that vested based on the performance determination.
[F6]The 2,985 performance stock units were awarded on August 24, 2018 (previously reported) and were initially scheduled to vest at the end of the three-year fiscal performance period ending July 2, 2021. On completion of the Merger, any vesting conditions applicable to performance stock units, automatically were deemed satisfied and accelerated in full with respect to a number of shares of the Issuer's common stock based on the greater of target and the actual level of performance through the effective time of the Merger (as determined by the compensation committee of the Board of the Issuer), with each earned performance stock unit settled in one share of the Issuer's common stock.
[F7]Settlement in shares of common stock of additional performance stock units from award described in footnote 6 that vested based on the performance determination.
[F8]The restricted stock units were awarded on August 25, 2017 (previously reported). Pursuant to the Merger Agreement, upon completion of the Merger, any vesting conditions applicable to each outstanding restricted stock unit, automatically and without any action on the part of the Reporting Person, were deemed satisfied and accelerated in full with each restricted stock unit settled in one share of the Issuer's common stock upon successful completion of the Merger.
[F9]Shares withheld by Issuer to pay tax liability on vesting of restricted stock units.

Documents

2 files

Issuer

L3HARRIS TECHNOLOGIES, INC. /DE/

CIK 0000202058

→

Entity typeother

Related Parties

filerCIK 0001647494

Filing Metadata

Form type: 4
Filed: Jul 1, 8:00 PM ET
Accepted: Jul 2, 3:02 PM ET
Size: 42.3 KB

View on SEC.gov