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
Grinstein, Gerald
Burlington Northern Santa Fe Corporation
1000 Second Avenue
Suite 3700
Seattle, WA 98104
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 ( ) 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
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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 |06/19/| |V|9.409 |A |$56.375 |--- |D |--- |
|98 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
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Common Stock |09/18/| |V|11.922 |A |$44.625 |--- |D |--- |
|98 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
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Common Stock |12/18/| |V|11.393 |A |$46.875 |--- |D |--- |
|98 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
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Common Stock |03/19/| |V|7.839 |A |$68.375 |--- |D |--- |
|99 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
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Common Stock |06/10/|D(2)|V|5,416.5055 |D |$70.1191 |-0- |D |--- |
|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>
Nonqualified Stock Opt|(3) |06/10|D(3)|V|10,000 |D |(3) |(3) |Common Stock|10,000 |(3) |-0- |D |--- |
ion (Right to Buy) | |/99 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1)Acquired by Reporting Person pursuant to dividend reinvestment under
Sundstrand Corporation's Dividend
Reinvestment
Plan.
(2)In connection with the merger with United Technologies Corporation ("UTC")
on June 10, 1999, the 5,416
shares of Sundstrand common stock held by the Reporting Person were disposed of
for the merger consideration
of $70.1191 per share consisting of cash and UTC stock, with 3,022 UTC shares
being issued to the Reporting
Person.
(3)In connection with the merger with UTC, 10,000 Sundstrand stock options held
by the Reporting Person were
converted to 11,065 UTC stock options. Of the 11,065 UTC options held by the
Reporting Person following the
conversion to UTC options, all of which were exercisable as of June 10, 1999,
2,213 were at an exercise price of
$21.49 with an expiration date of August 1, 2004, 2,213 were at an exercise
price of $24.09 with an expiration
date of April 18, 2005, 2,213 were at an exercise price of $32.26 with an
expiration date of April 16, 2006, 2,213
were at an exercise price of $40.79 with an expiration date of April 15, 2007,
and 2,213 were at an exercise
price of $58.18 with an expiration date of April 21,
2008.