UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) 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
Jenkins, Robert H.
Hamilton 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
06/30/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman of the Board, President and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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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 |03/31/|A |V|2.492 |A |$69.50 |--- |I |401(k) Plan |
|99 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
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Common Stock |05/28/|A |V|3.538 |A |$69.1875 |--- |I |401(k) Plan |
|99 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
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Common Stock |06/02/|M(2)| |68,612 |A |$70.6144 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/07/|M | |5,000 |A |$72.5625 |--- |D |--- |
|99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |06/07/|S | |5,000 |D |$72.5625 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/08/|M | |50,000 |A |$72.50 |--- |D |--- |
|99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |06/08/|S | |50,000 |D |$72.50 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/10/|J(3)| |84,000 |A |$70.1191 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/10/|J(4)| |179,868 |D |$70.1191 |-0- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/10/|J(5)| |1,459.544 |D |$70.1191 |-0- |I |401(k) Plan |
|99 | | | | | | | | |
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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>
Employee Nonqualified |$32.2344|06/02|M(2)| |45,000 |D | | |Common Stock|45,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$38.9375|06/02|M(2)| |30,000 |D | | |Common Stock|30,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$51.3125|06/02|M(2)| |50,000 |D | | |Common Stock|50,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$50.5938|06/02|M(2)| |60,000 |D | | |Common Stock|60,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$32.2344|06/07|M | |5,000 |D | | |Common Stock|5,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$32.2344|06/08|M | |40,000 |D | | |Common Stock|40,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$38.9375|06/08|M | |10,000 |D | | |Common Stock|10,000 | |-0- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Restricted Stock Units|n/a |06/10|J(3)| |84,000 |D | | |Common Stock|84,000 | |-0- |D |--- |
| |/99 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1)Allocated to the Reporting Person's account pursuant to an automatic
dividend reinvestment feature of the Sundstrand Corporation Employee
Savings Plan-Sundstrand Stock
Fund.
(2)Exercise of stock options held by the Reporting Person on June 2, 1999,
preceding the merger of Sundstrand Corporation into United Technologies
Corporation ("UTC"). The exercise value of the options resulted in 68,612
shares of Sundstrand common stock being issued. In connection with the
merger with UTC, these shares were exchanged for the merger consideration of
cash and UTC stock on June 10, 1999, with 38,285 UTC shares
being issued to the Reporting Person. (See Note 4
below.)
(3)In connection with the merger with UTC, 84,000 restricted stock units held
by the Reporting Person were released. The released units were
exchanged for 84,000 shares of Sundstrand common stock which in turn were
exchanged for the merger consideration of cash and UTC stock on
June 10, 1999, with 46,872 UTC shares being issued to the Reporting Person.
(See Note 4 below.)
(4)In connection with the merger with UTC, the 179,868 shares of Sundstrand
common stock held by the Reporting Person were exchanged for the
merger consideration of cash and UTC stock on June 10, 1999, with 100,366 UTC
shares being issued to the Reporting Person. Of the 100,366 UTC
shares issued, 38,285 were related to Sundstrand common stock shares issued
prior to the merger in connection with the exercise of options (see
Note 2 above) and 46,872 were related to the release of restricted stock units
(see Note 3 above).
(5)In connection with the merger with UTC, shares held in the Reporting
Person's Sundstrand Corporation Employee Savings Plan-Sundstrand Stock
Fund account were exchanged for the merger consideration of cash and UTC stock
on June 10, 1999.
