Edgar Filing: Harris Stratex Networks, Inc.

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

KENNARD PAUL

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

(Last)

(First)

(Middle)

RESEARCH TRIANGLE DRIVE, 637 DAVIS DRIVE

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2007

(Street)

MORRISVILLE, NC 27560

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Qualified Stock Option (right to buy)

$ 120.25

01/26/2007

8,750

01/26/2007

05/09/2010

Class A Common Stock

8,750

⁽³⁾

8,750

Employee Stock Option (right to buy)

$ 52.75

01/26/2007

10,000

01/26/2007

05/13/2007

Class A Common Stock

10,000

⁽⁴⁾

10,000

Employee Stock Option (right to buy)

$ 29

01/26/2007

18,750

01/26/2007

06/25/2008

Class A Common Stock

18,750

⁽⁵⁾

18,750

Employee Stock Option (right to buy)

$ 11.75

01/26/2007

10/19/2008

Class A Common Stock

⁽⁶⁾

Employee Stock Option (right to buy)

$ 48.5

01/26/2007

6,250

01/26/2007

05/03/2009

Class A Common Stock

6,250

⁽⁷⁾

6,250

Employee Stock Option (right to buy)

$ 24.4

01/26/2007

8,750

01/26/2007

10/22/2011

Class A Common Stock

8,750

⁽⁸⁾

8,750

Employee Stock Option (right to buy)

$ 8.04

01/26/2007

18,750

01/26/2007

06/28/2012

Class A Common Stock

18,750

⁽⁹⁾

18,750

Employee Stock Option (right to buy)

$ 8.2

01/26/2007

21,250

01/26/2007

12/20/2009

Class A Common Stock

21,250

⁽¹⁰⁾

21,250

Employee Stock Option (right to buy)

$ 17.52

01/26/2007

37,500

⁽¹¹⁾

03/30/2011

Class A Common Stock

37,500

⁽¹²⁾

37,500

Employee Stock Option (right to buy)

$ 6.88

01/26/2007

12,500

01/26/2007

06/30/2011

Class A Common Stock

12,500

⁽¹³⁾

12,500

Employee Stock Option (right to buy)

$ 16.04

01/26/2007

30,000

⁽¹⁴⁾

06/06/2013

Class A Common Stock

30,000

⁽¹⁵⁾

30,000

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
KENNARD PAUL RESEARCH TRIANGLE DRIVE 637 DAVIS DRIVE MORRISVILLE, NC 27560			Chief Technical Officer

Signatures

/s/ Juan Otero, General Counsel & Secretary on behalf of Paul Kennard		01/30/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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.

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