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
36080 Shaker Boulevard
Hunting Valley,, OH 44022
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 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>
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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 |06/17/|J(1)|V|20.5643 |A |$58.625 | | | |
|97 | | | | | | | | |
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Common Stock |09/16/|J(1)|V|20.4712 |A |$59.0625 | | | |
|97 | | | | | | | | |
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Common Stock |12/16/|J(1)|V|23.3465 |A |$51.9375 | | | |
|97 | | | | | | | | |
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Common Stock |12/31/|G |V|409 |D |N/A |9221.7579 |D |--- |
|97 | | | | | | | | |
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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|(2) | |J(2)|V| | |(2) |(2) |Common Stock|8,000(2| |8,000 |D |--- |
ion (Right to Buy) | | | | | | | | | |) | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1)Acquired by Reporting Person pursuant to dividend reinvestment under
Sundstrand Corporation's Dividend
Reinvestment
Plan.
(2)Previous awards to Reporting Person of options to buy under the Company's
Nonemployee Director Stock
Option Plan. Of the 8,000 stock options held by the Reporting Person, 500
first became exercisable on each of
August 1, 1996, and August 1, 1997, and 500 will become exercisable on each of
August 1, 1998, and August
1, 1999, all with an exercise price of $23.78125; 500 first became exercisable
on April 18, 1997, and 500 will
become exercisable on each of April 18, 1998, April 18, 1999, and April 18,
2000, all with an exercise price of
$26.65625; 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; and 500 will become exercisable
on each of April 15, 1999, April
15, 2000, April 15, 2001, and April 15, 2002, all with an exercise price of
$45.125. All of the nonexercisable
stock options, in the event of a "Change in Control" as defined in the Plan,
may become immediately exercisable
unless specifically prohibited by the terms of applicable
law.
SIGNATURE OF REPORTING PERSON
Ward Smith
