SUNDSTRAND CORP /DE/
4, 1998-10-01
PUMPS & PUMPING EQUIPMENT
Previous: SECURITY FIRST TRUST, NSAR-B, 1998-10-01
Next: TANDYCRAFTS INC, DEF 14A, 1998-10-01



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
   Murmann, Klaus H.
   Sauer, Inc.
   Krokamp 35
   D24539
   Neumunster,,   
   Germany
2. Issuer Name and Ticker or Trading Symbol
   Sundstrand Corporation
   SNS
3. IRS or Social Security Number of Reporting Person (Voluntary)
   N/A
4. Statement for Month/Year
   09/30/98
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               |09/16/|P   | |3,000             |A  |$44.75     |                   |D     |---                        |
                           |98    |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock               |09/16/|P   | |3,500             |A  |$45.00     |16,920             |D     |                           |
                           |98    |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<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>
Qualified Stock Option|(1)     |     |    |V|           |   |(1)  |(1)  |Common Stock|10,000(|       |10,000      |D  |---         |
 (Right to Buy)       |        |     |    | |           |   |     |     |            |1)     |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1)Previous awards to Reporting Person of options to buy under the Company's 
Nonemployee Director Stock Option Plan.  Of the 10,000 stock 
options held by the Reporting Person, 500 first became exercisable on each of 
August 1, 1996, August 1, 1997, and August 8, 1998, and 500 will 
become exercisable on August 1, 1999, all with an exercise price of $23.78125 
and an expiration date of August 1, 2004; 500 first became 
exercisable on each of April 18, 1997, and April 18, 1998, and 500 will become 
exercisable on each of April 18, 1999, and April 18, 2000, all with an 
exercise price of $26.65625 and an expiration date of April 18, 2005; 500 first 
became exercisable on April 16, 1998, and 500 will become 
exercisable on each of April 16, 1999, April 16, 2000, and April 16, 2001, all 
with an exercise price of $35.6875 and an expiration date of April 16, 
2006; 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 
and an expiration date of April 15, 2007; and 500 will become exercisable on 
each of April 16, 2000, April 16, 2001, April 16, 2002, and April 16, 
2003, all with an exercise price of $64.375 and an expiration date of 2008.  
All of the nonexercisable stock options, in the event of a "Change of 
Control" as defined in the Plan, may become immediately exercisable unless 
specifically prohibited by the terms of applicable law.



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