SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
KENNARD PAUL

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

(Street)
MORRISVILLE NC 27560

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Harris Stratex Networks, Inc. [ HSTX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technical Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/26/2007
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 01/26/2007 A 23,209 A (1) 23,209 D
Class A Common Stock 01/26/2007 A 825 A (2) 825 I By Son
Class A Common Stock 01/26/2007 A 825 A (2) 825 I By Daughter
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $120.25 01/26/2007 A 8,750 01/26/2007 05/09/2010 Class A Common Stock 8,750 (3) 8,750 D
Employee Stock Option (right to buy) $52.75 01/26/2007 A 10,000 01/26/2007 05/13/2007 Class A Common Stock 10,000 (4) 10,000 D
Employee Stock Option (right to buy) $29 01/26/2007 A 18,750 01/26/2007 06/25/2008 Class A Common Stock 18,750 (5) 18,750 D
Employee Stock Option (right to buy) $11.75 01/26/2007 A 31 01/26/2007 10/19/2008 Class A Common Stock 31 (6) 31 D
Employee Stock Option (right to buy) $48.5 01/26/2007 A 6,250 01/26/2007 05/03/2009 Class A Common Stock 6,250 (7) 6,250 D
Employee Stock Option (right to buy) $24.4 01/26/2007 A 8,750 01/26/2007 10/22/2011 Class A Common Stock 8,750 (8) 8,750 D
Employee Stock Option (right to buy) $8.04 01/26/2007 A 18,750 01/26/2007 06/28/2012 Class A Common Stock 18,750 (9) 18,750 D
Employee Stock Option (right to buy) $8.2 01/26/2007 A 21,250 01/26/2007 12/20/2009 Class A Common Stock 21,250 (10) 21,250 D
Employee Stock Option (right to buy) $17.52 01/26/2007 A 37,500 (11) 03/30/2011 Class A Common Stock 37,500 (12) 37,500 D
Employee Stock Option (right to buy) $6.88 01/26/2007 A 12,500 01/26/2007 06/30/2011 Class A Common Stock 12,500 (13) 12,500 D
Employee Stock Option (right to buy) $16.04 01/26/2007 A 30,000 (14) 06/06/2013 Class A Common Stock 30,000 (15) 30,000 D
Explanation of Responses:
1. Received in exchange for 92,839 shares of Stratex Networks, Inc. common stock in connection with the merger of Stratex Merger Corp., a wholly owned subsidiary of Harris Stratex Networks, Inc., with and into Stratex Networks, Inc. with Stratex Networks, Inc. as the surviving corporation (the "Merger"). On the effective date of the Merger, closing price of Stratex Networks, Inc. common stock was $4.69 per share.
2. Received in exchange for 875 shares of Stratex Networks, Inc. common stock in connection with the Merger. On the effective date of the Merger, closing price of Stratex Networks, Inc. common stock was $4.69 per share.
3. Received in the Merger in exchange for an employee stock option to acquire 35,000 shares of Stratex Networks, Inc. common stock for $30.06.
4. Received in the Merger in exchange for an employee stock option to acquire 40,000 shares of Stratex Networks, Inc. common stock for $13.19.
5. Received in the Merger in exchange for an employee stock option to acquire 75,000 shares of Stratex Networks, Inc. common stock for $7.25.
6. Received in the Merger in exchange for an employee stock option to acquire 127 shares of Stratex Networks, Inc. common stock for $2.94.
7. Received in the Merger in exchange for an employee stock option to acquire 25,000 shares of Stratex Networks, Inc. common stock for $12.12.
8. Received in the Merger in exchange for an employee stock option to acquire 35,000 shares of Stratex Networks, Inc. common stock for $6.10.
9. Received in the Merger in exchange for an employee stock option to acquire 75,000 shares of Stratex Networks, Inc. common stock for $2.01.
10. Received in the Merger in exchange for an employee stock option to acquire 85,000 shares of Stratex Networks, Inc. common stock for $2.05.
11. The option vests at a rate of 1/4th of the shares subject to the option on the first anniversary of the grant date (3/30/2004) and 1/36th of the remaining shares subject to the option each month thereafter.
12. Received in the Merger in exchange for an employee stock option to acquire 150,000 shares of Stratex Networks, Inc. common stock for $4.38.
13. Received in the Merger in exchange for an employee stock option to acquire 50,000 shares of Stratex Networks, Inc. common stock for $1.72.
14. The option vests at a rate of 1/3rd of the shares subject to the option on the first anniversary of the grant date (6/6/2006) and 1/24th of the remaining shares subject to the option each month thereafter.
15. Received in the Merger in exchange for an employee stock option to acquire 120,000 shares of Stratex Networks, Inc. common stock for $4.01.
/s/ Juan Otero, General Counsel & Secretary on behalf of Paul Kennard 01/30/2007
** 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 4 (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).
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