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Filing Details

Accession Number:: 0001209191-15-068803
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-09-01 16:33:55
Reporting Period:: 2015-05-29

Filing Date:: 2015-09-01
Accepted Time:: 2015-09-01 16:33:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
202058	Harris Corp	HRS	Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)	340276860

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1350633	M William Brown	Harris Corporation 1025 W. Nasa Boulevard Melbourne FL 32919	Chairman, President, And Ceo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $1.00	Acquisiton	2015-05-29	195	$79.22	91,254	No	4	J	Direct
Common Stock, Par Value $1.00	Disposition	2015-07-20	195	$81.25	91,059	No	4	S	Direct
Common Stock, Par Value $1.00	Acquisiton	2015-08-28	45,700	$0.00	136,759	No	4	M	Direct
Common Stock, Par Value $1.00	Acquisiton	2015-08-28	9,369	$0.00	146,128	No	4	A	Direct
Common Stock, Par Value $1.00	Disposition	2015-08-28	23,102	$77.54	123,026	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	J	Direct
No	4	S	Direct
No	4	M	Direct
No	4	A	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $1.00	Performance Stock Units	Disposition	2015-08-28	45,700	$0.00	47,500	$0.00
Common Stock, Par Value $1.00	Non-Qualified Stock Option (Right to Buy)	Acquisiton	2015-08-28	257,740	$0.00	257,740	$77.54
Common Stock, Par Value $1.00	Non-Qualified Stock Option (Right to Buy)	Acquisiton	2015-08-28	132,550	$0.00	132,550	$77.54
Common Stock, Par Value $1.00	Performance Stock Units	Acquisiton	2015-08-28	44,140	$0.00	44,140	$0.00
Common Stock, Par Value $1.00	Performance Stock Units	Acquisiton	2015-08-28	22,700	$0.00	22,700	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct
257,740	2018-08-28	2025-08-28	No	4	A	Direct
132,550	2018-08-28	2025-08-28	No	4	A	Direct
44,140			No	4	A	Direct
22,700			No	4	A	Direct

Footnotes

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.