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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[X] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Titan Acquisitions, Ltd.
United Technologies Corporation
ATTN: William H. Trachsel, Esq.
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One Financial Plaza
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Hartford CT 06101
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol International Comfort Products
Corporation; ICP
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3. IRS or Identification Number of Reporting Person if an entity
(Voluntary) United Technologies Corporation 060570975
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4. Statement for Month/Year August 1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] Officer [X] 10% Owner [ ] Other
(give title below) (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
____ Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ordinary Shares 8/10/99 J 40,000,787 A US$11.75 40,000,787 D by Titan
(as of 8/31/1999) Acquisitions,
Ltd.
U by United
Technologies
Corporation
(through Titan
Acquisitions,
Ltd.)
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Ordinary Shares 9/7/99 J V 808,341 A US$11.75 40,809,128 D by Titan
(as of 9/7/1999) Acquisitions,
Ltd.
U by United
Technologies
Corporation
(through Titan
Acquisitions,
Ltd.)
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</TABLE>
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<TABLE>
<S> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If this form is filed by more than one reporting person, see Instruction
4(b)(v).
<PAGE>
FORM 4 (continued)
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
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</TABLE>
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)--CONTINUED
<TABLE>
<CAPTION>
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Secu- ficial
(Instr. ficially rity: Owner-
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Date Expira- Amount or at End (D) or (Instr.
Exer- tion Title Number of of Indi- 4)
cisable Date Shares Month rect (1)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses: On August 10, 1999, Titan Acquisitions, Ltd.
("Purchaser"), a wholly owned subsidiary of United Technologies Corporation
("Parent"), acquired 40,000,787 ordinary shares of International Comfort
Products (the "Company") pursuant to a cash tender offer (the "Offer") to
purchase all outstanding ordinary shares ("Shares") of the Company at US$11.75
per Share. Following the expiration of the Offer, Purchaser announced that it
had accepted for purchase 40,099,227 Shares pursuant to the Offer; however,
98,440 of the Shares tendered in the Offer pursuant to notices of guaranteed
delivery were not delivered. Subsequent to the completion of the Offer,
Purchaser commenced a statutory compulsory acquisition process in accordance
with Canadian law pursuant to which Purchaser acquired the remaining 808,341
outstanding Shares on September 7, 1999 at a price of US$11.75 per Share.
Purchaser is now the sole shareholder of the Company. The Offer and the
statutory compulsory acquisition process are described in the Tender Offer
Statement filed by Purchaser and Parent with the Securities and Exchange
Commission on Schedule 14D-1 on June 30, 1999 and amended from time to time
thereafter. Such Tender Offer Statement, as amended from time to time, and all
exhibits thereto are incorporated herein by reference.
**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 provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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UNITED TECHNOLOGIES CORPORATION
By: /s/ William Trachsel
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Name: William Trachsel
Title: Senior Vice President
General Counsel & Secretary
TITAN ACQUISITIONS, LTD.
By: /s/ Ari Bousbib
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Name: Ari Bousbib
Title: President
Dated: September 9, 1999