William M. Brown - 29 Jun 2022 Form 4 Insider Report for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX)

Role
Executive Chair, Director
Signature
By: /s/ Scott T. Mikuen, Attorney-in-Fact For: William M. Brown
Issuer symbol
LHX
Transactions as of
29 Jun 2022
Net transactions value
-$7,772,344
Form type
4
Filing time
01 Jul 2022, 16:39:30 UTC
Previous filing
16 May 2022
Next filing
19 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +48,820 +23% $0.000000 257,526 29 Jun 2022 Direct F1
transaction LHX Common Stock, Par Value $1.00 Tax liability $4,568,568 -19,211 -7.5% $237.81 238,315 29 Jun 2022 Direct F2
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +12,960 +5.4% $0.000000 251,275 29 Jun 2022 Direct F3
transaction LHX Common Stock, Par Value $1.00 Tax liability $1,212,831 -5,100 -2% $237.81 246,175 29 Jun 2022 Direct F4
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +15,118 +6.1% $0.000000 261,293 29 Jun 2022 Direct F5
transaction LHX Common Stock, Par Value $1.00 Tax liability $1,414,732 -5,949 -2.3% $237.81 255,344 29 Jun 2022 Direct F4
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +6,157 +2.4% $0.000000 261,501 29 Jun 2022 Direct F6
transaction LHX Common Stock, Par Value $1.00 Tax liability $576,214 -2,423 -0.93% $237.81 259,078 29 Jun 2022 Direct F4, F7

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 Performance Stock Units Options Exercise $0 -48,820 -100% $0.000000* 0 29 Jun 2022 Common Stock, Par Value $1.00 48,820 $0.000000 Direct F1
transaction LHX Restricted Stock Units Options Exercise $0 -12,960 -100% $0.000000* 0 29 Jun 2022 Common Stock, Par Value $1.00 12,960 $0.000000 Direct F3
transaction LHX Restricted Stock Units Options Exercise $0 -15,118 -100% $0.000000* 0 29 Jun 2022 Common Stock, Par Value $1.00 15,118 $0.000000 Direct F5
transaction LHX Restricted Stock Units Options Exercise $0 -6,157 -100% $0.000000* 0 29 Jun 2022 Common Stock, Par Value $1.00 6,157 $0.000000 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William M. Brown is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Settlement in shares of common stock of performance stock units awarded on 8/1/2019 (previously reported) that vested at the end of the 3-year performance period and the satisfaction of the reporting person's required service period through 6/29/2022. (Each performance stock unit represents a contingent right to 1 share of Issuer's common stock.)
F2 Shares withheld by Issuer to pay tax liability on vesting of performance stock units previously awarded.
F3 The restricted stock units were awarded on February 28, 2020 (previously reported). Pursuant to the Employment Agreement Amendment dated October 12, 2018, (the "Employment Agreement") the restricted stock units fully vested upon reporting persons retirement on June 29, 2022. Each restricted stock unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock.
F4 Shares withheld by Issuer to pay tax liability on vesting of restricted stock units previously awarded.
F5 The restricted stock units were awarded on February 26, 2021 (previously reported). Pursuant to the Employment Agreement the restricted stock units fully vested upon reporting persons retirement on June 29, 2022. Each restricted stock unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock.
F6 The restricted stock units were awarded on February 25, 2022 (previously reported). Pursuant to the Employment Agreement the restricted stock units fully vested upon reporting persons retirement on June 29, 2022. Each restricted stock unit represents a contingent right to 1 share of Issuer's common stock, with vested units settled in shares of Issuer's common stock.
F7 Includes 91.82 shares acquired through Issuer's retirement plan for quarters ended 10/1/2021, 12/31/2021 and 4/1/2022 and an increase of 0.09 to the balance in the plan due to rounding by the plan's record keeper.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney