0001209191-15-068803.txt : 20150901
0001209191-15-068803.hdr.sgml : 20150901
20150901163355
ACCESSION NUMBER: 0001209191-15-068803
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20150529
FILED AS OF DATE: 20150901
DATE AS OF CHANGE: 20150901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HARRIS CORP /DE/
CENTRAL INDEX KEY: 0000202058
STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
IRS NUMBER: 340276860
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 1025 W NASA BLVD
CITY: MELBOURNE
STATE: FL
ZIP: 32919
BUSINESS PHONE: 3217279100
MAIL ADDRESS:
STREET 1: 1025 W NASA BLVD
CITY: MELBOURNE
STATE: FL
ZIP: 32919
FORMER COMPANY:
FORMER CONFORMED NAME: HARRIS SEYBOLD CO
DATE OF NAME CHANGE: 19600201
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Brown William M
CENTRAL INDEX KEY: 0001350633
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03863
FILM NUMBER: 151087682
MAIL ADDRESS:
STREET 1: HARRIS CORPORATION
STREET 2: 1025 W NASA BOULEVARD
CITY: MELBOURNE
STATE: FL
ZIP: 32919
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-05-29
0
0000202058
HARRIS CORP /DE/
HRS
0001350633
Brown William M
HARRIS CORPORATION
1025 W. NASA BOULEVARD
MELBOURNE
FL
32919
0
1
0
0
Chairman, President, and CEO
Common Stock, Par Value $1.00
2015-05-29
4
J
0
195
79.22
A
91254
D
Common Stock, Par Value $1.00
2015-07-20
4
S
0
195
81.25
D
91059
D
Common Stock, Par Value $1.00
2015-08-28
4
M
0
45700
0.00
A
136759
D
Common Stock, Par Value $1.00
2015-08-28
4
A
0
9369
0.00
A
146128
D
Common Stock, Par Value $1.00
2015-08-28
4
F
0
23102
77.54
D
123026
D
Performance Stock Units
0.00
2015-08-28
4
M
0
45700
0.00
D
Common Stock, Par Value $1.00
47500
0
D
Non-Qualified Stock Option (Right to Buy)
77.54
2015-08-28
4
A
0
257740
0.00
A
2018-08-28
2025-08-28
Common Stock, Par Value $1.00
257740
257740
D
Non-Qualified Stock Option (Right to Buy)
77.54
2015-08-28
4
A
0
132550
0.00
A
2018-08-28
2025-08-28
Common Stock, Par Value $1.00
132550
132550
D
Performance Stock Units
0.00
2015-08-28
4
A
0
44140
0.00
A
Common Stock, Par Value $1.00
44140
44140
D
Performance Stock Units
0.00
2015-08-28
4
A
0
22700
0.00
A
Common Stock, Par Value $1.00
22700
22700
D
The reporting person acquired common stock of the Issuer in a non-discretionary account managed by an Investment Advisor upon the completion of the merger of Exelis Inc. into a wholly-owned subsidiary of the Issuer pursuant to the Agreement and Plan of Merger, dated as of February 5, 2015, by and among the Issuer, Exelis and such wholly-owned subsidiary.
This transaction represents the settlement of vested performance stock units in shares of common stock. These were performance stock units granted on 8/25/12 that vested on 7/3/15 and were paid in shares of common stock on 8/28/15. Each performance stock unit represents a contingent right to one share of the Issuer's common stock. The performance stock unit grant was previously reported.
Increase in vested performance stock units granted 8/25/12 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/28/15.
Shares withheld by company to pay tax liability on vesting of performance stock units previously awarded.
Of the 257,740 options granted on this 8/28/15 stock option, 85,914 options become exercisable on 8/28/16, an additional 85,913 options become exercisable on 8/28/17, and the remaining 85,913 options become exercisable on 8/28/18.
Of the 132,550 options granted on this 8/28/15 stock option, all 132,550 options become exercisable on 8/28/18.
Each performance stock unit represents a contingent right to one share of the Issuer's common stock. Performance stock units are subject to future adjustment; performance period started 7/4/15. The 44,140 performance stock units will vest on 6/29/18. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting.
Each performance stock unit represents a contingent right to one share of the Issuer's common stock. Performance stock units are subject to future adjustment; performance period started 7/4/15. The 22,700 performance stock units will vest on 6/29/18. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting. The performance measures for these performance stock units relate to achievement of full-year run rate net synergies from the Exelis Inc. acquisition.
Exhibit List:
Exhibit 24 - Power of Attorney
By: /s/ Scott T. Mikuen, Attorney-in-Fact,
For: William M. Brown
2015-09-01
EX-24.4_603439
2
poa.txt
POA DOCUMENT
EXHIBIT 24
HARRIS CORPORATION
POWER OF ATTORNEY
KNOW TO ALL PERSONS BY THESE PRESENTS, that the undersigned hereby makes,
constitutes and appoints each of SCOTT T. MIKUEN, ROBERT A. JOHNSON JR., and
CAROL H. TUMSER, any one signing singly, and with full power of substitution,
the undersigned's true and lawful attorney-in-fact to:
(1) prepare, execute in the undersigned's name and on the undersigned's behalf,
and submit to the United States Securities and Exchange Commission (the "SEC") a
Form ID, including amendments thereto, any other documents necessary or
appropriate to obtain codes, passwords, and pass-phrases, enabling the
undersigned to make electronic filings with the SEC of reports required by
Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation
of the SEC;
(2) execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer and/or director of Harris Corporation (the "Company"), Forms 3, 4
and 5 and any other forms required to be filed in accordance with Section 16(a)
of the Securities Exchange Act of 1934 and the rules thereunder;
(3) do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4 and 5
and any other forms, complete and execute any amendment or amendments thereto,
and timely file such form with the SEC and any stock exchange or similar
authority; and
(4) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this Power of Attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorney-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming,
nor is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact. This Power of Attorney may be filed with the SEC
as a confirming statement of authority granted herein.
IN WITNESS WHEREOF, the undersigned has signed this Power of Attorney as of the
1st day of November, 2011.
William M. Brown
____________________________
Name (printed)
/s/ William M. Brown
____________________________
Signature