U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check 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
Donovan, Paul
Sundstrand Corporation
4949 Harrison Avenue
P.O. Box 7003
Rockford,, IL 61125-7003
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
Sundstrand Corporation
SNS
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
August 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President and Chief Financial Officer
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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 Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |08/05/|S | |3,200 |D |$35.625 | | | |
|96 | | | | | | | | |
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Common Stock |08/12/|S | |3,200 |D |$36.6875 |65,800 |D |---- |
|96 | | | | | | | | |
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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 | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Nonqualified | | | | | | |* |* |Common Stock| | |30,626* |D |--- |
Stock Option (Right to| | | | | | | | | | | | | | |
Buy) w/Tandem Tax Wit| | | | | | | | | | | | | | |
hholding | | | | | | | | | | | | | | |
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Right | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
*Of the 30,626 stock options held by the reporting person, 5,312 will become
exercisable on December 1, 1996,
and 5,314 will become exercisable on December 1, 1997, all with an exercise
price of $19.3125; with respect to
the remaining 20,000 stock options, 5,000 will become exercisable on each
November 15, 1996, November 15,
1997, November 15, 1998, and November 15, 1999, all with an exercise price of
$22.375. In the event of a
"Change in Control" as defined in the Sundstrand Corporation Stock Incentive
Plan, all 30,626 options may
become immediately exercisable unless specifically prohibited by applicable
law.
