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
HOWARD, JAMES J.
414 Nicollet Mall
Minneapolis, MN 55401
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
3/31/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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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 |3/15/9|J* |V|8 |A |N/A |2,547 |D | |
|9 | | | | | | | | |
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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>
Phantom Stock Units |1-for-1 |03/15|A** |V|50.9912 |A |*** |*** |Common Stock|50.9912|$72.231| | | |
| |/99 | | | | | | | | |2 | | | |
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Phantom Stock Units |1-for-1 |03/31|A |V|123.7673 |A |*** |*** |Common Stock|123.767|$74.656|12,875.2828 |D | |
| |/99 | | | | | | | |3 |2 | | | |
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Explanation of Responses:
* Shares acquired under the Honeywell Dividend Reinvestment
Plan.
**Dividend equivalent rights accrued and converted to phantom stock units under
Honeywell's Non-Employee
Directors Fee and Stock Unit
Plan.
***Stock units were accrued under Honeywell's Non-Employee Directors Fee and
Stock Unit Plan and will settle
when Reporting Person's service as a Director
terminates.
SIGNATURE OF REPORTING PERSON
Kathleen M. Gibson, on behalf of James J. Howard
DATE
April 7, 1999
