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FORM 4
VIRGINIA FRESE PALMER
TECHNITROL, INC. (TNL)
December, 1998
(1) Shares held in the "Palmer Family Trust -- Survivor's Share." Virginia Frese
Palmer is a settlor and co-trustee of this trust. She also has the power to
revoke this trust and is a beneficiary during her lifetime. She is the
beneficial owner of these shares.
(2) Shares held in the "Palmer Family Trust -- Residuary Trust Share." Virginia
Frese Palmer is a co-trustee of this trust and an income beneficiary during
her lifetime. She is deemed to be the beneficial owner of these shares.
(3) Accounting adjustment to fully fund Survivor's Share Trust based on final
valuations in Federal Estate Tax Return (Form 706) filed by the Estate of
Gordon Palmer, Jr. (who died on March 30, 1997) and accepted by the Internal
Revenue Service in Federal Estate Tax Closing Letter issued to the Estate.
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FORM 4 Expires: September 30, 1998
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
(Print or Type Responses)
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Palmer, Virginia Frese Technitrol, Inc. (TNL) to Issuer (Check all applicable)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for --- ---
Number of Reporting Month/Year Officer (give Other (Specify
Person (Voluntary) --- title --- below)
7147 Sabino Vista Circle December, 1998 below)
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(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of (Check Applicable Line)
Original
(Month/Year) Form Filed by One Reporting
X Person
---
Form filed by More than One
Reporting Person
Tucson AZ 85750 ---
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(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 12/23/98 J 11,212 A (3) 1,755,092 I (1)
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Common Stock 12/23/98 J 11,212 D (3) 185,008 I (2)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
SEC 1474 (7-96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Explanation of Responses: See attached sheet.
**Intentional misstatements or omissions of facts constitute Federal /s/ Virginia Frese Palmer January 7, 1999
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- ---------------
**Signature of Reporting Person Date
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space is insufficient, see Instruction 6 for procedure. SEC 1474 (7-96)
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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