UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
BONSIGNORE, MICHAEL R.
Honeywell Inc.
Honeywell Plaza
Minneapolis, MN 55408
2. Issuer Name and Ticker or Trading Symbol
Honeywell Inc.
HON
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
04/1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |4/23/9|M | |55,000* |A |$33.00 | | | |
|8 | | | | | | | | |
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Common Stock |4/23/9|S | |55,000 |D |$94.0499 | | | |
|8 | | | | | | | | |
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Common Stock |4/23/9|M | |2,786* |A |$35.03 | | | |
|8 | | | | | | | | |
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Common Stock |4/23/9|F | |10,935** |D |$94.0499 | | | |
|8 | | | | | | | | |
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Common Stock |4/23/9|S | |19,065 |D |$94.0499 |75,323 |D | |
|8 | | | | | | | | |
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Common Stock | | | | | | |19,387 |I |By Wife |
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Common Stock | | | | | | |1,124 |I |401(k) Plan trust |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$33.00 |4/23/|M | |55,000 |D |4/20/|4/19/|Common Stock|55,000 | | | | |
(right to buy) | |98 | | | | |98 |03 | | | | | | |
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Employee Stock Option |$35.03 |4/23/|M | |2,786 |D |1/21/|7/18/|Common Stock|2,786 | |498,779 |D | |
(right to buy) | |98 | | | | |93 |98 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
* Shares acquired from option
exercise.
** These shares were used to satisfy tax obligations resulting from the vesting
of 30,000 shares of restricted
stock in April 1998; remaining 19,065 shares were
sold.
SIGNATURE OF REPORTING PERSON
Kathleen M. Gibson on behalf of Michael R. Bonsignore
DATE
May 4, 1998
