William M. Brown - Jun 29, 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
Stock symbol
LHX
Transactions as of
Jun 29, 2022
Transactions value $
-$7,772,344
Form type
4
Date filed
7/1/2022, 04:39 PM
Previous filing
May 16, 2022
Next filing
Jul 19, 2022

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 +48.8K +23.39% $0.00 258K Jun 29, 2022 Direct F1
transaction LHX Common Stock, Par Value $1.00 Tax liability -$4.57M -19.2K -7.46% $237.81 238K Jun 29, 2022 Direct F2
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +13K +5.44% $0.00 251K Jun 29, 2022 Direct F3
transaction LHX Common Stock, Par Value $1.00 Tax liability -$1.21M -5.1K -2.03% $237.81 246K Jun 29, 2022 Direct F4
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +15.1K +6.14% $0.00 261K Jun 29, 2022 Direct F5
transaction LHX Common Stock, Par Value $1.00 Tax liability -$1.41M -5.95K -2.28% $237.81 255K Jun 29, 2022 Direct F4
transaction LHX Common Stock, Par Value $1.00 Options Exercise $0 +6.16K +2.41% $0.00 262K Jun 29, 2022 Direct F6
transaction LHX Common Stock, Par Value $1.00 Tax liability -$576K -2.42K -0.93% $237.81 259K Jun 29, 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 -48.8K -100% $0.00* 0 Jun 29, 2022 Common Stock, Par Value $1.00 48.8K $0.00 Direct F1
transaction LHX Restricted Stock Units Options Exercise $0 -13K -100% $0.00* 0 Jun 29, 2022 Common Stock, Par Value $1.00 13K $0.00 Direct F3
transaction LHX Restricted Stock Units Options Exercise $0 -15.1K -100% $0.00* 0 Jun 29, 2022 Common Stock, Par Value $1.00 15.1K $0.00 Direct F5
transaction LHX Restricted Stock Units Options Exercise $0 -6.16K -100% $0.00* 0 Jun 29, 2022 Common Stock, Par Value $1.00 6.16K $0.00 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