Item 8.01 Other Events.
On August 1, 2022, Christopher E. Kubasik, Chair and Chief Executive Officer of
L3Harris Technologies, Inc. ("L3Harris"), established a written pre-arranged
plan providing for the exercise of certain employee stock options and the sale
of shares of common stock of L3Harris issued upon exercise of such options (the
"Plan"). The Plan was established as part of Mr. Kubasik's long-term strategy
for asset diversification and financial, estate and tax planning activities. The
Plan is intended to comply with Rule 10b5-1 under the Securities Exchange Act of
1934, as amended, and L3Harris' policies regarding transactions in L3Harris
securities by executives and was established during L3Harris' open trading
window.
Rule 10b5-1 permits individuals to establish pre-arranged stock trading plans
when they are not in possession of material nonpublic information and allows
such pre-arranged trades to be made pursuant to the plan regardless of any
subsequent material non-public information that an individual may receive. In
accordance with 10b5-1 rules, Mr. Kubasik will have no discretion over sales
under the Plan.
The Plan covers vested options to purchase 66,258 shares granted to Mr. Kubasik
in October 2015, as a sign-on bonus, which options expire in 2025. Subject to
minimum price thresholds specified in the Plan, shares underlying unexercised
options will be sold on predetermined dates starting in October, 2022 and ending
no later than March 15, 2023. Mr. Kubasik's ownership interest in L3Harris is
considerably in excess of L3Harris' stock ownership guidelines. The transactions
under the plan will be disclosed publicly through Form 4 and Form 144 filings,
as applicable, with the Securities and Exchange Commission.
Except as may be required by law, L3Harris does not undertake to report any Rule
10b5-1 plans that may be adopted by any other officers or directors of L3Harris
or to report modifications or termination of any such plans, including the Plan.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed herewith:
Exhibit
Number Description
104 Cover Page Interactive Data File formatted in Inline XBRL
1
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