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| FORM 3 | U.S. 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,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
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*
United Technologies Corporation
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(Last) (First) (Middle)
One Financial Plaza
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(Street)
Hartford, Connecticut 06101
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) 10/13/00
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3. I.R.S. Identification Number of Reporting Person if an entity
(Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Specialty Equipment Companies, Inc. (SEC)
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
X
___ Director ___ Officer ___ 10% Owner ___ Other
(give title below) (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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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 BENEFICIALLY OWNED
<TABLE>
<CAPTION>
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1. Title 2. Amount of 3. Ownership Form: 4. Nature of
of Securities Bene- Direct (D) or Indirect Bene-
Security ficially Owned Indirect (I) ficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
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Common Stock, par 0 shares/1/ Not applicable Not applicable
value $.01 per share
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* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
[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 control number.]
______________________
/1/ See Explanations of Responses
(Print or Type Response)
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FORM 3 (continued)
TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In-
Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene-
Expiration (Instr. 4) Exercise Derivative ficial
Date Price Security: Ownership
(Month/Day/ of Direct (D) (Instr. 5)
Year) Derivative or In-
---------------------------------------------------- Security direct (I)
Date Expira- Amount or (Instr. 5)
Exer- tion Title Number of
cisable Date Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Not applicable.
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Explanation of Responses:
See Attachment B
** Intentional misstatements or omissions of UNITED TECHNOLOGIES CORPORATION
facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C.
78ff(a). /s/ Ari Bousbib 10/23/00
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See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) **Signature of Reporting Person Date
By: Name: Ari Bousbib
[Potential persons who are to respond to Title: Vice President
the collection of Information contained in
this form are not required to respond
unless the form displays a currently valid SOLAR ACQUISITION CORP.
OMB control Number.]
/s/ Ari Bousbib 10/23/00
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**Signature of Reporting Person Date
By: Name: Ari Bousbib
Title: President
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Print or Type Response Page 2 of 4
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Attachment A
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Additional Reporting Person
Solar Acquisition Corp., a Delaware corporation, located at One Financial Plaza,
Hartford, Connecticut, 06101, is a wholly owned subsidiary of United Technology
Corporation and joins United Technology Corporation as a filer for purposes of
this Form 3.
Page 3 of 4
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Attachment B
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Explanation of Responses
United Technologies Corporation ("Parent") and its wholly owned subsidiary,
Solar Acquisition Corp. ("Subsidiary"), entered into a Stockholder Agreement
dated October 13, 2000 (the "Stockholder Agreement") with certain stockholders
of Specialty Equipment Companies, Inc. ("Target"), pursuant to which Parent and
Subsidiary have beneficial ownership of certain shares of Target but do not have
a pecuniary interest in such shares. The stockholders party to the Stockholder
Agreement have therein agreed, among other things, to (i) validly tender (as
part of the tender offer pursuant to which Subsidiary has offered to purchase
all of the shares of Target issued and outstanding), and not withdraw, all
shares beneficially owned or subsequently acquired by such stockholders, (ii)
grant Subsidiary an option to purchase all such shares at a price of $30.50 per
share (or such other price as may be payable in the tender offer) upon the
occurrence of certain events, and (iii) vote all such shares in favor of the
merger of Subsidiary into Target consistent with the Agreement and Plan of
Merger, dated October 13, 2000, among Parent, Subsidiary and Target, and against
certain acquisition proposals with respect to Target made by third parties.
Page 4 of 4
