UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) 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
TAMBAKERAS, MARKOS I.
Honeywell Inc.
16404 No. Black Canyon Hwy.
Phoenix, AZ 85023
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
5/31/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
Former Business President
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 |5/10/9|M | |2,308 |A |$43.3125 | | | |
|9 | | | | | | | | |
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Common Stock |5/10/9|M | |38,096 |A |$43.3125 | | | |
|9 | | | | | | | | |
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Common Stock |5/10/9|M | |132 |A |$43.50 | | | |
|9 | | | | | | | | |
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Common Stock |5/10/9|M | |1,504 |A |$43.50 | | | |
|9 | | | | | | | | |
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Common Stock |5/10/9|M | |1,329 |A |$75.19 | | | |
|9 | | | | | | | | |
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Common Stock |5/10/9|M | |20,171 |A |$75.19 | | | |
|9 | | | | | | | | |
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Common Stock |5/10/9|M | |1,317 |A |$75.875 | | | |
|9 | | | | | | | | |
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Common Stock |5/10/9|M | |16,683 |A |$75.875 | | | |
|9 | | | | | | | | |
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Common Stock |5/10/9|S | |81,540 |D |$100.2424 |19,819* |D | |
|9 | | | | | | | | |
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Common Stock | | | | | | |1,202 |I |401(k) Plan Trust |
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<CAPTION>
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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 |$43.3125|5/10/|M | |2,308 |D |7/18/|7/18/|Common Stock|2,308 | | | | |
(right to buy) | |99 | | | | |96 |05 | | | | | | |
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Employee Stock Option |$43.3125|5/10/|M | |38,096 |D |7/18/|7/18/|Common Stock|38,096 | | | | |
(right to buy) | |99 | | | | |96 |05 | | | | | | |
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Employee Stock Option |$43.50 |5/10/|M | |132 |D |9/1/9|7/16/|Common Stock|132 | | | | |
(right to buy) | |99 | | | | |6 |01 | | | | | | |
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Employee Stock Option |$43.50 |5/10/|M | |1,504 |D |9/1/9|7/20/|Common Stock|1,504 | | | | |
(right to buy) | |99 | | | | |6 |02 | | | | | | |
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Employee Stock Option |$75.19 |5/10/|M | |1,329 |D |2/18/|2/18/|Common Stock|1,329 | | | | |
(right to buy) | |99 | | | | |98 |07 | | | | | | |
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Employee Stock Option |$75.19 |5/10/|M | |20,171 |D |2/18/|2/18/|Common Stock|20,171 | | | | |
(right to buy) | |99 | | | | |98 |07 | | | | | | |
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Employee Stock Option |$75.875 |5/10/|M | |1,317 |D |2/17/|2/17/|Common Stock|1,317 | | | | |
(right to buy) | |99 | | | | |99 |08 | | | | | | |
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Employee Stock Option |$75.875 |5/10/|M | |16,683 |D |2/17/|2/17/|Common Stock|16,683 | |0** | | |
(right to buy) | |99 | | | | |99 |08 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
* The reporting person terminated employment with Honeywell Inc. on May 21,
1999, resulting in the forfeiture of 16,000 shares of restricted stock
previously reported as beneficially owned by the reporting
person.
** The reporting person terminated employment with Honeywell Inc. on May 21,
1999, resulting in the forfeiture of 55,000 shares in options that had not
yet
vested.
SIGNATURE OF REPORTING PERSON
/s/ Kathleen M. Gibson on behalf of Markos I. Tambakeras
DATE
June 8, 1999
