Lewis Hay III - Apr 22, 2022 Form 4 Insider Report for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)

Role
Director
Signature
/s/ Scott T. Mikuen, Attorney-in-Fact For: Lewis Hay III
Stock symbol
LHX
Transactions as of
Apr 22, 2022
Transactions value $
$0
Form type
4
Date filed
4/26/2022, 05:11 PM
Previous filing
May 28, 2021
Next filing
May 20, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LHX 2022 Director Share Units Award $0 +685 $0.00 685 Apr 22, 2022 Common Stock, Par Value $1.00 685 $0.00 Direct F1
transaction LHX 2021 Director Share Units Options Exercise $0 -795 -100% $0.00* 0 Apr 23, 2022 Common Stock, Par Value $1.00 795 $0.00 Direct F2
transaction LHX Phantom Stock Units Options Exercise $0 +795 +88.22% $0.00 1.7K Apr 23, 2022 Common Stock, Par Value $1.00 795 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of director share units in respect of non-employee director's equity-based retainer, which generally will vest on 4/22/2023, subject to non-employee director's continued service and terms and conditions of director share unit agreement. Each director share unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock, subject to any applicable deferral election.
F2 Settlement of director share units awarded on 4/23/2021 (previously reported) that vested on 4/23/2022, including 14.39 additional units via deemed dividend reinvestment pursuant to terms and conditions of director share unit agreement. (Each director share unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock, subject to any applicable deferral election.) Pursuant to reporting person's prior election to defer such units upon vesting, such units were credited as phantom stock units under L3Harris Technologies, Inc. 2019 Non-Employee Director Deferred Compensation Plan (the "Plan"). (Each phantom stock unit is the economic equivalent of 1 share of Issuer's common stock, with units deferred and credited under the Plan to be settled in shares of Issuer's common stock upon reporting person's separation from service from Issuer.)
F3 Total includes amounts of compensation previously deferred into phantom stock units, including 16.31 additional units via quarterly deemed dividend reinvestment.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney