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
HJERPE, WILLIAM M.
Honeywell Europe SA
3, Ave du Bourget
Brussels, B 1140
Belgium
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
8/31/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President, Honeywell Europe
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 |(1) |J |V|3 (1) |A |N.A. | |D | |
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Common Stock |8/9/99|M | |20,171 (2) |A |$75.19 | |D | |
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Common Stock |8/9/99|F | |12,808 |D (|$118.4063 | |D | |
| | | | |3) | | | | |
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Common Stock |8/9/99|F | |2,684 |D (|$118.4063 | |D | |
| | | | |4) | | | | |
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Common Stock |8/9/99|M | |6,059 (2) |A |$75.875 | |D | |
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Common Stock |8/9/99|F | |3,882 |D (|$118.4063 | |D | |
| | | | |3) | | | | |
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Common Stock |8/9/99|F | |794 |D (|$118.4063 | |D | |
| | | | |4) | | | | |
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Common Stock |8/19/9|S | |12,000 |D |$114.00 | |D | |
|9 | | | | | | | | |
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Common Stock |8/19/9|S | |10,000 |D |$114.7188 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|M | |10,624 |A |$75.875 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|M | |1,317 |A |$75.875 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|M | |1,329 |A |$75.19 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|M | |4,595 |A |$60.0625 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|M | |5,618 |A |$55.00 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|M | |3,241 |A |$43.50 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|M | |3,650 |A |$43.50 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|M | |1,357 |A |$43.50 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|S | |31,731 |D |$122.3409 | |D | |
|9 | | | | | | | | |
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Common Stock |8/24/9|S | |10,752 |D |$122.0215 |16,615 |D | |
|9 | | | | | | | | |
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Common Stock | | | | | | |1,226 |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 |$75.19 |8/9/9|M | |20,171 |D |2/18/|2/18/|Common Stock|20,171 | | |D | |
(right to buy) | |9 | | | | |98 |07 | | | | | | |
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Employee Stock Option |$75.875 |8/9/9|M | |6,059 |D |2/17/|2/17/|Common Stock|6,059 | | |D | |
(right to buy) | |9 | | | | |99 |08 | | | | | | |
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Employee Stock Option |$118.406|8/9/9|A | |12,808 |A |8/9/0|2/18/|Common Stock|12,808 | | |D | |
(right to buy) |3 |9 | | | | |0 |07 | | | | | | |
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Employee Stock Option |$118.406|8/9/9|A | |3,882 |A |9/1/9|2/17/|Common Stock|3,882 | | |D | |
(right to buy) |3 |9 | | | | |9 |08 | | | | | | |
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Employee Stock Option |$75.875 |8/24/|M | |10,624 |D |2/17/|2/17/|Common Stock|10,624 | | |D | |
(right to buy) | |99 | | | | |99 |08 | | | | | | |
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Employee Stock Option |$75.875 |8/24/|M | |1,317 |D |2/17/|2/17/|Common Stock|1,317 | | |D | |
(right to buy) | |99 | | | | |99 |08 | | | | | | |
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Employee Stock Option |$75.19 |8/24/|M | |1,329 |D |2/18/|2/18/|Common Stock|1,329 | | |D | |
(right to buy) | |99 | | | | |98 |07 | | | | | | |
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Employee Stock Optoin |$60.0625|8/24/|M | |4,595 |D |9/4/9|10/2/|Common Stock|4,595 | | |D | |
(right to buy) | |99 | | | | |7 |04 | | | | | | |
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Employee Stock Option |$55.50 |8/24/|M | |5,618 |D |8/6/9|2/17/|Common Stock|5,618 | | |D | |
(right to buy) | |99 | | | | |7 |02 | | | | | | |
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Employee Stock Option |$43.50 |8/24/|M | |3,241 |D |9/1/9|7/18/|Common Stock|3,241 | | |D | |
(right to buy) | |99 | | | | |6 |04 | | | | | | |
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Employee Stock Option |$43.50 |8/24/|M | |3,650 |D |9/1/9|7/20/|Common Stock|3,650 | | |D | |
(right to buy) | |99 | | | | |6 |02 | | | | | | |
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Employee Stock Option |$43.50 |8/24/|M | |1,357 |D |9/1/9|2/17/|Common Stock|1,357 | |93,750 |D | |
(right to buy) | |99 | | | | |6 |02 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Shares purchased under the Employee Stock Purchase
Plan.
(2) Exercise of stock options, using stock to pay the exercise price and tax
obligations.
(3) Shares used to pay exercise
price.
(4) Shares used to satisfy tax
obligations.
SIGNATURE OF REPORTING PERSON
/s/ Kathleen M. Gibson on behalf of William M. Hjerpe
DATE
September 8, 1999
