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
King, John Joseph
2222 Wellington Court
Lisle, IL 60532
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
MOLEX INCORPORATED
MOLX, MOLXA
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
July 1997
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)
Executive Vice 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
<TABLE>
<CAPTION>
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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 |07/03/|J(2)| |1,391 |A | | | | |
|97 | | | | | | | | |
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Common Stock |07/03/|J(2)| |726 |A | | | | |
|97 | | | | | | | | |
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Common Stock |07/03/|J(2)| |541 |A | | | | |
|97 | | | | | | | | |
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Common Stock |07/18/|M | |9,765 |A |$12.9024 |71,264(1) |D | |
|97 | | | | | | | | |
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Common Stock | | | | | | |360(1) |I |Jointly w/Spouse |
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Common Stock | | | | | | |110(1) |I |By Spouse |
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Class A Common Stock |07/18/|F | |3,326 |D |$37.875 |33,562(1) |D | |
|97 | | | | | | | | |
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Class A Common Stock | | | | | | |360(1) |I |Jointly w/Spouse |
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Class A Common Stock |07/29/|J(5)| |10 |A | |60(1) |I |By Spouse |
|97 | | | | | | | | |
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Class A Common Stock | | | | | | |3,193(1) |I |By Child |
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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>
Incentive Stock Option|$12.9024|07/18|X | |9,765 |D |(3) |08/25|Common Stock|9,765 | |.625(1) |D | |
(Right to Buy) |(1) |/97 | | | | | |/97 | | | | | | |
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Incentive Stock Option|$15.68(1| | | | | |(3) |07/16|Common Stock| | |9,765.637(1)|D | |
(Right to Buy) |) | | | | | | |/98 | | | | | | |
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Incentive Stock Option|$20.704(| | | | | |(3) |07/29|Common Stock| | |5,859.375(1)|D | |
(Right to Buy) |1) | | | | | | |/99 | | | | | | |
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Incentive Stock Option|$16.896(| | | | | |(4) |04/15|Common Stock| | |48,828.125(1|D | |
(Right to Buy) |1) | | | | | | |/05 | | | |) | | |
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Stock Bonus Award (Rig|$0.00(1)|07/03|J(2)| |1,391 |D |(2) |07/31|Common Stock|1,391 | |1,392.125(1)|D | |
ht to Acquire) | |/97 | | | | | |/99 | | | | | | |
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Incentive Stock Option|$27.20(1| | | | | |(3) |07/31|Common Stock| | |8,593.75(1) |D | |
(Right to Buy) |) | | | | | | |/00 | | | | | | |
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Stock Bonus Award (Rig|$0.00(1)|07/03|J(2)| |726 |D |(2) |07/31|Common Stock|726 | |1,454(1) |D | |
ht to Acquire) | |/97 | | | | | |/00 | | | | | | |
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Incentive Stock Option|$22.20(1| | | | | |(3) |07/11|Common Stock| | |7,500(1) |D | |
(Right to Buy) |) | | | | | | |/01 | | | | | | |
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Incentive Stock Option|$29.60(1| | | | | |(4) |10/25|Common Stock| | |50,000(1) |D | |
(Right to Buy) |) | | | | | | |/07 | | | | | | |
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Stock Bonus Award (Rig|$0.00 |06/30|J(2)| |2,164 |A |(2) |07/31|Common Stock|2,164 | | | | |
ht to Acquire) | |/97 | | | | | |/01 | | | | | | |
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Stock Bonus Award (Rig|$0.00 |07/03|J(2)| |541 |D |(2) |07/31|Common Stock|541 | |1,623 |D | |
ht to Acquire) | |/97 | | | | | |/01 | | | | | | |
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Incentive Stock Option|$36.875 |07/03|J(4)| |15,000 |A |(4) |07/03|Common Stock|15,000 | |15,000 |D | |
(Right to Buy) | |/97 | | | | | |/08 | | | | | | |
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Incentive Stock Option|$36.875 |07/03|J(3)| |15,000 |A |(3) |07/03|Common Stock|15,000 | |15,000 |D | |
(Right to Buy) | |/97 | | | | | |/02 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
1. On February 10, 1997, Issuer declared a 25% stock dividend payable April 25,
1997 to holders of record on
March 31, 1997. As a result, the reporting person received the following: 1/4
share of Common Stock for each
share of Common Stock outstanding; 1/4 share of Class A Common Stock for each
share of Class A Common
Stock outstanding; and 1/4 share of Common Stock for each share of Class B
Common Stock outstanding. Cash
was paid in lieu of any fractional shares. All of the numerical data on Table
I has been adjusted to reflect this
stock dividend. In addition, pursuant to anti-dilution provisions contained in
all of Issuer's stock plans, all
numerical data regarding outstanding stock options, stock bonuses, or any other
equity plans reported on Table II
have been adjusted to reflect the stock dividend in the following manner: the
number of shares have been
multiplied by 1.25 and the price (if any) has been divided by
1.25.
2. Stock bonus awarded under The 1991 Molex Incorporated Executive Stock Bonus
Plan in reliance upon the
exemption provided by Rule 16b-3 that is distributable in four equal annual
installments during the month of July
contingent upon the reporting person remaining in the employ of the Issuer at
the time of distribution.
3. Option granted under The 1991 Molex Incorporated Incentive Stock Option
Plan in reliance upon the exemption
provided by Rule 16b-3 that becomes exercisable one year after grant, expires
five years after grant and vests
in 25% annual increments on the anniversary date of the
grant.
4. Long-term option granted under The 1991 Molex Incorporated Incentive Stock
Option Plan in reliance upon the
exemption provided by Rule 16b-3 that becomes exercisable 10 years after grant
and expires 11 years after
grant.
5. Award from Issuer.
SIGNATURE OF REPORTING PERSON
John Joseph King
DATE
August 8, 1997
