- Statement of Changes in Beneficial Ownership (4)
November 16 2009 - 5:47PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
KENNARD PAUL
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2. Issuer Name
and
Ticker or Trading Symbol
Harris Stratex Networks, Inc.
[
HSTX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
SVP, Chief Technology Officer
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(Last)
(First)
(Middle)
RESEARCH TRIANGLE PARK, 637 DAVIS DRIVE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
11/12/2009
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(Street)
MORRISVILLE, NC 27560
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock
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11/12/2009
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A
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18333
(1)
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A
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$0
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82028
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D
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Class A Common Stock
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11/12/2009
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A
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18333
(2)
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A
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$0
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100361
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D
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Class A Common Stock
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825
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I
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By Daughter
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Class A Common Stock
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825
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I
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By Son
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Non-Qualified Stock Option (right to buy)
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$6
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11/12/2009
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A
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36789
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(3)
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11/12/2016
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Class A Common Stock
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36789
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$0
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212039
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D
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Explanation of Responses:
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(
1)
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Performance shares, which are subject to vesting. Vesting requires both (a) continuing employment with the Corporation
through the end of the Corporation's fiscal year 2012 (approximately June 30, 2012), and (b) achievement of at least the
minimum cumulative performance result for the three-year period set forth in the Specific Terms and Conditions. Unvested
performance shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment ends or, following
the determination of actual Corporation performance versus metrics, to the extent such performance shares do not vest.
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(
2)
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Restricted stocks, which are subject to vesting. Vesting requires continuing employment with the Corporation as of the
vesting dates. Restricted shares will vest as follows: 33.3% on November 12, 2010, 33.3% on November 12, 2011 and 33.3% on
November 12, 2012. Unvested shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment
ends before the vesting date.
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(
3)
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Stock options to purchase shares become exercisable if employment with the Corporation continues through the vesting dates.
The options will vest as follows: 50% on November 12, 2010, 25% on November 12, 2011 and 25% on November 12, 2012.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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KENNARD PAUL
RESEARCH TRIANGLE PARK
637 DAVIS DRIVE
MORRISVILLE, NC 27560
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SVP, Chief Technology Officer
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Signatures
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/s/ Meena Elliott, VP, General Counsel and Secretary, on behalf of Paul Kennard
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11/16/2009
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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