0001140361-19-012326.txt : 20190702
0001140361-19-012326.hdr.sgml : 20190702
20190702162709
ACCESSION NUMBER: 0001140361-19-012326
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190629
FILED AS OF DATE: 20190702
DATE AS OF CHANGE: 20190702
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stackley Sean J
CENTRAL INDEX KEY: 0001753454
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37975
FILM NUMBER: 19937849
MAIL ADDRESS:
STREET 1: 600 THIRD AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10016
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: L3 TECHNOLOGIES, INC.
CENTRAL INDEX KEY: 0001039101
STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
IRS NUMBER: 133937436
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 600 THIRD AVENUE
STREET 2: 34TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10016
BUSINESS PHONE: 2126971111
MAIL ADDRESS:
STREET 1: 600 THIRD AVENUE
STREET 2: 34TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10016
FORMER COMPANY:
FORMER CONFORMED NAME: L 3 COMMUNICATIONS CORP
DATE OF NAME CHANGE: 19970513
4
1
form4.xml
FORM 4
X0306
4
2019-06-29
true
0001039101
L3 TECHNOLOGIES, INC.
LLL
0001753454
Stackley Sean J
C/O L3 TECHNOLOGIES, INC.
600 THIRD AVENUE
NEW YORK
NY
10016
true
SVP & President, C&NS Segment
Common Stock
2019-06-29
4
D
0
6322
D
0
D
02/20/18 Employee Stock Option (Right to Buy)
210.98
2019-06-29
4
D
0
1700
D
2028-02-20
Common Stock
1700
0
D
On June 29, 2019, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), L3 Technologies, Inc. ("L3") and Harris Corporation ("Harris") effected an all-stock, merger of equals to combine their respective businesses in which a wholly-owned subsidiary of Harris merged with and into L3 with L3 surviving as a wholly-owned subsidiary of Harris (the "Merger"). Pursuant to the Merger Agreement, upon completion of the Merger, Harris changed its name to "L3Harris Technologies, Inc." ("L3Harris") and each issued and outstanding share of L3 common stock was converted into the right to receive 1.30 shares of L3Harris common stock (the "exchange ratio").
Includes a total of 6,204 restricted stock units. In connection with the Merger, (i) all vesting conditions of each unvested restricted stock unit granted prior to October 12, 2018 (1,363 of the restricted stock units) were deemed satisfied and accelerated in full and each such restricted stock unit was cancelled and entitled the holder to receive a number of shares of L3Harris common stock equal to the number of such restricted stock units multiplied by the exchange ratio and (ii) all unvested restricted stock units granted after October 12, 2018 (4,841 restricted stock units) were cancelled and entitled the holder to receive time-vesting restricted stock units denominated in shares of L3Harris common stock, in an amount calculated by multiplying the number of such restricted stock units by the exchange ratio.
Reflects additional shares acquired through L3's Master Savings (401(k)) Plan.
These options were originally scheduled to vest in equal one-third increments beginning on the one-year anniversary of the grant date.
At the effective time of the Merger, all vesting conditions applicable to outstanding stock options were deemed satisfied and accelerated in full and each option was converted into an option to purchase a number of shares of L3Harris common stock equal to the product of the number of shares of L3 common stock subject to such option and the exchange ratio, at an exercise price per share equal to the exercise price per share of such option divided by the exchange ratio.
/s/ Allen E. Danzig as Attorney-in-Fact
2019-07-02