SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
Elliott Meena L.

(Last) (First) (Middle)
RESEARCH TRIANGLE PARK
637 DAVIS DRIVE

(Street)
MORRISVILLE NC 27560

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2009
3. Issuer Name and Ticker or Trading Symbol
Harris Stratex Networks, Inc. [ HSTX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP,Gen Counsel, Secy (interim)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 2,000(1) D
Class A Common Stock 8,542(2) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) (3) 02/28/2014 Class A Common Stock 4,200 20.4 D
Non-Qualified Stock Option (right to buy) (4) 11/05/2015 Class A Common Stock 16,428 5.97 D
Explanation of Responses:
1. These are performance shares which vest following the end of the Corporation's 2009 fiscal year (July 3, 2009). Vesting requirements include continuous employment and achievement of certain performance results by the Corporation for the cumulative period from January 26, 2007 through the end of fiscal year 2009. The final number of shares to vest (0% - 150%) shall be determined based on the performance results. Unvested shares are subject to repurchase by the Corporation should eligible employment end or performance results not be achieved by the Corporation.
2. These are performance shares which vest following the end of the Corporation's 2011 fiscal year (approximately 6/30/2011). Vesting requirements include continuous employment and achievement of certain performance results by the Corporation for the cumulative period from June 28, 2008 through the end of fiscal year 2011. Up to 50% of the performance shares may vest following the end of the Corporation's 2010 fiscal year (approximately 6/30/2010) based on continuous employment and achievement of performance results by the Corporation for the cumulative period from June 28, 2008 through the end of fiscal year 2010. Unvested shares are subject to repurchase by the Corporation should eligible employment end or performance results not be achieved by the Corporation.
3. The option vests at a rate of 50% of the shares subject to the option on the first anniversary of the grant date (2/28/2007), 25% on the second anniversary of the grant date and the final 25% on the third anniversary of the grant date.
4. The option vests at a rate of 50% of the shares subject to the option on the first anniversary of the grant date (11/5/2008), 25% on the second anniversary of the grant date and the final 25% on the third anniversary of the grant date.
/s/ Meena Elliott, VP, General Counsel and Secretary (Interim) 03/24/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: 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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