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
Donovan, Paul
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)
Executive Vice President and Chief Financial 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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<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 |11/30/|A |V|10.89 |A |$54.00 |--- |I |401(k) Plan |
|98 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |03/31/|A |V|9.21 |A |$69.50 |--- |I |401(k) Plan |
|99 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |05/28/|A |V|13.073 |A |$69.1875 |--- |I |401(k) Plan |
|99 | |(| | | | | | |
| | |1| | | | | | |
| | |)| | | | | | |
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Common Stock |06/02/|M(4)| |28,277 |A |$70.625 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/03/|A |V|0.858 |A |n/a |--- |I |401(k) Plan |
|99 | |(| | | | | | |
| | |2| | | | | | |
| | |)| | | | | | |
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Common Stock |06/03/|I |V|5,393.596 |D |$71.6875 |-0- |I |401(k) Plan |
|99 | |(| | | | | | |
| | |3| | | | | | |
| | |)| | | | | | |
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Common Stock |06/03/|M | |10,000 |A |$71.2813 |--- |D |--- |
|99 | | | | | | | | |
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Common Stock |06/03/|S | |9,000 |D |$71.375 |--- |D |--- |
|99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |06/03/|S | |1,000 |D |$71.25 |--- |D |--- |
|99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |06/09/|S | |10,200 |D |$72.2224 |--- |D |--- |
|99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |06/10/|J(5)| |22,600 |A |$70.1191 |--- |D |--- |
|99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |06/10/|J(6)| |67,077 |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>
Employee Nonqualified |$22.375 |06/02|M(4)| |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 |$38.9375|06/02|M(4)| |15,000 |D | | |Common Stock|15,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$51.3125|06/02|M(4)| |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 |$50.5938|06/02|M(4)| |35,000 |D | | |Common Stock|35,000 | |--- |D |--- |
Stock Option (Right to| |/99 | | | | | | | | | | | | |
Buy)w/Tandem Withhold| | | | | | | | | | | | | | |
ing Right | | | | | | | | | | | | | | |
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Employee Nonqualified |$22.375 |06/03|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 |$38.9375|06/03|M | |5,000 |D | | |Common Stock|5,000 | |-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(5)| |22,600 |D | | |Common Stock|22,600 | |-0- |D |--- |
| |/99 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
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)Adjustment to number of Sundstrand shares held in Reporting Person's
Sundstrand Corporation Employee Savings Plan - Sundstrand Stock Fund
account to match balance shown on Trustee's
records.
(3)Disposition of issuer securities in Sundstrand Corporation Employee Savings
Plan - Sundstrand Stock Fund.
(4)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 28,277
shares of Sundstrand common stock with restrictions 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
15,778 UTC shares with restrictions being issued to the Reporting Person. (See
Note 6 below.)
(5)In connection with the merger with UTC, 22,600 restricted stock units held
by the Reporting Person were released. The released units were
exchanged for 22,600 shares of Sundstrand common stock with restrictions which
in turn were exchanged for the merger consideration of cash and
UTC stock on June 10, 1999, with 12,610 UTC shares with restrictions being
issued to the Reporting Person. (See Note 6 below.)
(6)In connection with the merger with UTC, the 67,077 shares of Sundstrand
common stock with restrictions held by the Reporting Person were
exchanged for the merger consideration of cash and UTC stock on June 10, 1999,
with 37,428 UTC shares with restrictions being issued to the
Reporting Person. Of the 37,428 UTC shares issued, 15,778 were related to
Sundstrand common stock shares issued prior to the merger in
connection with the exercise of options (see Note 4 above) and 12,610 were
related to the release of restricted stock units (see Note 5 above).
