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
Smith, Ward
NACCO Industries, Inc.
5875 Landerbrook Drive
Mayfield Heights,, OH 44124-4017
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
December 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
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 |06/18/|R |V|51.4343 |A |$35.00 | | | |
|96 | | | | | | | | |
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Common Stock |09/17/|R |V|46.5322 |A |$38.875 | | | |
|96 | | | | | | | | |
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Common Stock |10/28/|G |V|1,753 |D |N/A (Gift) |8,934.0647 |D |--- |
|96 | | | | | | | | |
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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>
Nonqualified Stock Opt| | | | | | |(1) |(1) |Common Stock| | |6,000(1) |D |--- |
ion (Right to Buy) | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1)Previous awards to reporting person of options to buy Common Stock under the
Company's Nonemployee
Director Stock Option Plan. Of the 6,000 stock options held by the reporting
person, 500 became exercisable on
August 1, 1996, and 500 will become exercisable on each of August 1, 1997,
August 1, 1998, and August 1,
1999, all with an exercise price of $23.78125; 500 will become exercisable on
each of April 18, 1997, April 18,
1998, April 18, 1999, and April 18, 2000, all with an exercise price of
$26.65625; and 500 will become
exercisable on each of April 16, 1998, April 16, 1999, April 16, 2000, and
April 16, 2001, all with an exercise
price of $35.6875. All of the nonexercisable stock options, in the event of a
"Change in Control" as defined in the
Nonemployee Director Stock Option Plan, may become immediately exercisable
unless specifically prohibited by
the terms of applicable
law.
SIGNATURE OF REPORTING PERSON
Ward Smith
