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FORM 5 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 OMB Number 3235-0362
____Check this box if no longer Expires: February 1, 1994
subject to Section 16. Form 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
or Form 5 obligations may hours per response.. 1.0
continue. See instructions 1(b)
____Form 3 Holdings Reported
____Form 4 Transactions Reported
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to Issue
(Check all applicable)
Itin Thomas W. Williams Controls, Inc. "WMCO"
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ___X___ Director ___X___ 10% Owner
Number of Reporting Month/Year 9/99 ___X___ Officer(give _______ Other
7001 Orchard Lake Road, Suite 424 Person (Voluntary) title (specify
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(Street) Date of Original Chairman, CEO, President and Treasurer
(Month/Year) ---------------------------------------
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West Bloomfield, MI 48322
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(City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4, and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ (A) or Month Indirect Owner-
Year) Amount (D) Price (Instr. 3 and 4) (I) ship
(Instr. 4) (Instr. 4)
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COMMON STOCK 1,974,000 D(1)
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COMMON STOCK 568,000 I (2)
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COMMON STOCK 58,200 I (10)
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COMMON STOCK 1,200,000 I (3)
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COMMON STOCK 402,600 I (5)
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COMMON STOCK 1,018,561 I (9)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 2270 (3/91)
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FORM 5 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer- 7. Title & Amount of
sion or action tion Code ative Securities Ac- cisable and Ex- Underlying
(Instr. 3) Exercise Date quired (A) or Dis- piration Date Securities of In-
Price of (Month/ (Instr. 8) posed of (D) (Month/Day/ (Instr. 3 and 4)
Deriv- Day/ Year
ative Year) (Instr. 3, 4, and 5)
Security
Date Expira- Amount or
Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Issuer Stock Option $2.440/sh 03/12/98 03/12/08 Common 300,000
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Issuer Stock Option $2.132/sh 05/01/97 05/01/02 Common 300,000
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Issuer Stock Option $2.132/sh 05/01/97 05/01/02 Common 150,000
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Issuer Stock Option $2.200/sh 10/16/98 10/16/08 Common 300,000
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FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
8. Price 9. Number 10. Owner- 11. Na-
of of Deriv- ship ture
Deriv- ative Form of In-
ative Secur- of De- direct
Secur- ities rivative Bene-
ity Bene- Secu- ficial
ficially rity: Own-
(Instr. Owned Direct ership
5) at End (D) or
of Indi- (Instr. 4)
Month rect (I)
(Instr. 4) (Instr. 4)
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Issuer Stock Option $2.440/sh 300,000 D (7)
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Issuer Stock Option $2.132/sh 300,000 D (6)
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Issuer Stock Option $2.132/sh 150,000 D (4)
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Issuer Stock Option $2.200/sh 300,000 D (8)
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Explanation of Responses:
1. Held by TICO, a Michigan co-partnership which is controlled by Reporting Person.
2. Held by SICO, a Michigan co-partnership which is controlled by the Reporting Person's spouse.
3. Held by Acrodyne Corporation. The Reporting Person controls Acrodyne Corporation.
4. Exercisable as to 50% of the shares covered thereby on this date and cumulatively as to an additional 25% of the shares covered
thereby on 5/01/00 & 5/01/01.
5. Held by trusts for which the Reporting Person's spouse is trustee. the Reporting Person is not a beneficiary of the trusts and
disclaims any beneficial ownership of these shares.
6. Exercisable as to 50% of the shares covered thereby on this date and cumulatively as to an additional 25% of the shares covered
thereby on 5/01/00 & 5/01/01.
7. Exercisable as to 50% of the shares covered thereby on this date and cumulatively as to an additional 25% of the shares covered
thereby on 3/12/00 & 3/12/01.
8. Exercisable as to 25% of the shares covered thereby on this date and cumulatively as to an additional 25% of the shares covered
thereby on 10/16/99, 10/16/00 & 10/16/01.
9. Includes the following shares held by plans for which Mr. Itin serves as trustee: 424,795 shares owned by the Company's ESOP,
187,000 shares owned by the Union Employee Pension Plan; 115,000 shares owned by the Company's Non-Union Retirement Income
Pension Plan; 203,162 shares owned by the Company's 401(k) plan for Non-Union Employees and 88,604 shares owned by the Company's
401(k) plan for Union Employees. Mr. Itin also disclaims beneficial ownership of all of these 1,018,561 shares except for
13,278 shares in the Company's ESOP and 25,897 shares in the Company's Non-Union 401(k) plan in participant accounts for the
benefit of Mr. Itin.
10.Held by Dearborn Wheels, Inc. The Reporting Person's spouse is the President and Director and owns 20% of the outstanding
securities of Dearborn Wheels, Inc. Mrs. Itin disclaims beneficial ownership in excess of her pecuinary interest. This report
shall not be deemed and admission that Mr. Itin is a beneficial owner of any of these securities for purposes of Section 16 or
for any other purpose.
**Intentional misstatements or omissions of facts constitute Federal Criminial Violations.
/s/Thomas W. Itin November 15, 1999
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See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ** Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. SEC 2270 (3/91)
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