SUNDSTRAND CORP /DE/
4, 1997-05-12
PUMPS & PUMPING EQUIPMENT
Previous: STEPAN CO, 10-Q, 1997-05-12
Next: SWANK INC, 10-Q, 1997-05-12



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
   Wallin, Berger G.
   6376 Willow Springs Drive
   Morrison,, CO  80465
   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
   April 1997
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>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
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)|                           |
___________________________________________________________________________________________________________________________________|
<S>                        <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Common Stock               |04/15/|J(1)|V|578               |A  |$44.9375   |106,925            |D     |---                        |
                           |97    |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
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)|            |
___________________________________________________________________________________________________________________________________|
<S>                   <C>      <C>   <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Nonqualified Stock Opt|$45.125 |04/15|J(2)|V|2,000      |A  |(2)  |04/15|Common Stock|2,000  |---    |            |   |            |
ion (Right to Buy)    |        |/97  |    | |           |   |     |/07  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Nonqual Stock|$22.375 |(3)  |    |V|           |   |(3)  |05/01|Common Stock|20,000(|       |22,000(3)   |D  |---         |
 Option (Right to Buy)|        |     |    | |           |   |     |/01  |            |3)     |       |            |   |            |
w/Tandem Tax Withholdi|        |     |    | |           |   |     |     |            |       |       |            |   |            |
ng Right              |        |     |    | |           |   |     |     |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1)Issuance to Reporting Person of Common Stock under the Company's Nonemployee 
Director Compensation 
Plan in transaction exempt under Rule 
16b-3d.
(2)Award to Reporting Person of option to buy Common Stock under the Company's 
Nonemployee Director Stock 
Option Plan in transaction exempt under Rule 16b-3d.  Options become 
exercisable at a rate of 25% of each 
grant on the second through fifth anniversary dates of April 15, 
1997.
(3)The remaining 20,000 options became exercisable on May 1, 1996, in 
connection with Mr. Wallin's retirement 
from Sundstrand 
Corporation.
SIGNATURE OF REPORTING PERSON
Berger G. Wallin



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission