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
Fellows, DeWayne J
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)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President and Controller
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>
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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 |06/08/|M | |5,000 |A |$72.50 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/08/|S | |5,000 |D |$72.50 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/10/|J(2)| |12,500 |A |$70.1191 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/10/|D(3)|V|27,492 |D |$70.1191 |-0- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/10/|D(4)|V|3,320 |D |$70.1191 |-0- |I |Owned by Spouse |
|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 |$22.375 |06/08|M | |3,000 |D | | |Common Stock|3,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$38.9375|06/08|M | |2,000 |D | | |Common Stock|2,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |(1) |06/10|D(1)|V|30,000 |D |(1) |(1) |Common Stock|30,000 |(1) |-0- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhohl| | | | | | | | | | | | | | |
ding Righ | | | | | | | | | | | | | | |
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Restricted Stock Units|n/a |06/10|J(2)| |12,500 |D | | |Common Stock|12,500 | |-0- |D |--- |
| |/99 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1)In connection with the merger with UTC, 30,000 nonvested Sundstrand stock
options held by the Reporting Person were vested and converted to
33,191 UTC stock options. Of the 33,191 UTC options held by the Reporting
Person following the conversion to UTC options, all of which were
exercisable as of June 10, 1999, 3,319 were at an exercise price of $20.22 with
an expiration date of November 15, 2004, 6,638 were at an exercise
price of $35.19 with an expiration date of November 19, 2006, 11,064 were at an
exercise price of $46.38 with an expiration date of November 18,
2007, and 12,170 were at an exercise price of $45.73 with an expiration date of
December 8, 2008.
(2)In connection with the merger with UTC, 12,500 restricted stock units held
by the Reporting Person were released. The released units were
exchanged for 12,500 shares of Sundstrand common stock which in turn were
exchanged for the merger consideration of cash and UTC stock on
June 10, 1999, with 6,975 UTC shares being issued to the Reporting Person.
(See Note 3 below.)
(3)In connection with the merger with UTC, the 27,492 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 15,340 UTC
shares being issued to the Reporting Person. Of the 15,340 UTC
shares issued, 6,975 were related to the release of restricted stock units
(see Note 2 above).
(4)In connection with the merger with UTC, the 3,320 shares of Sundstrand
common stock held by the Reporting Person's spouse were converted to
the merger consideration of cash and UTC stock on June 10,
1999.
