TECHNITROL INC
4, 1999-06-08
ELECTRIC LIGHTING & WIRING EQUIPMENT
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<PAGE>   1
                                                    ---------------------------
                                                           OMB APPROVAL
                                                    ---------------------------
- ------                                              OMB Number:   3235-0287
FORM 4                                              Expires:  September 30, 1998
- ------                                              Estimated average burden
                                                    hours per response .... 0.5
                                                    ---------------------------

                                 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

<TABLE>
<S>                             <C>            <C>                        <C>                <C>          <C>            <C>
- ------------------------------------------------------------------------------------------------------------------------------------
 1. Name and Address of Reporting Person       2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to
    Harrison, J. Barton                           Technitrol, Inc. (TNL)                        Issuer (Check all applicable)
- ------------------------------------------------------------------------------------------       X Director         10% Owner
  (Last)          (First)          (Middle)    3. IRS or Social Security  4. Statement for      ----              ---
                                                  Number of Reporting        Month/Year             Officer (give    Other (Specify
    1452 County Line Road                         Person (Voluntary)          May, 1999         ----        title ---       below)
- ---------------------------------------------                             -----------------                 below)
                 (Street)                                                 5. If Amendment,   7. Individual or Joint/Group Filing
                                                                             Date of Original      (Check Applicable Line)
                                                                             (Month/Year)       X Form filed by One Reporting Person
                                                                                               ---
                                                                                                  Form filed by More than One
                                                                                               ---Reporting Person
    Rosemont, PA 19010                            ###-##-####
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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)
   Common Stock (1)                                                                       1,755,092             I     Co-trustee
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   Common Stock (2)                                                                         185,008             I     Co-trustee
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   Common Stock (3)                                                                          91,700             I     Executor
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   Common Stock (4)            5/25/99     A       V        678     A         29.50         114,520             D
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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).
                                                                               (Print or Type Responses)             SEC 1474 (9/96)

</TABLE>

<PAGE>   2
<TABLE>
<CAPTION>


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>
- ------------------------------------------------------------------------------------------------------------------------------------
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)
                                                                               -----------------------------------
                                                                               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             /s/ J. Barton Harrison                      June 7, 1999
  Federal 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.
</TABLE>


<PAGE>   3
                                     FORM 4

                               J. Barton Harrison
                             Technitrol, Inc. (TNL)
                                 February, 1999

(1) Shares held in the Palmer Family Trust -- Survivor's Share. Upon
    administration of the Palmer Family Trust on the death of Gordon Palmer,
    Jr., the Palmer Family Trust was divided into two shares (the Survivor's
    Share and the Residuary Trust Share) which are held in separate trusts and
    administered separately. Mr. Harrison is a co-trustee of the Survivor's
    Share. The other co-trustee of this Trust is Virginia Frese Palmer, widow of
    Gordon Palmer, Jr. Mr. Harrison disclaims any beneficial interest in these
    shares.

(2) Shares held in the Palmer Family Trust -- Residuary Trust Share. Upon
    administration of The Palmer Family Trust on the death of Gordon Palmer,
    Jr., The Palmer Family Trust was divided into two shares (the Survivor's
    Share and the Residuary Trust Share) which are held in separate trusts and
    administered separately. Mr. Harrison is a co-trustee of the Residuary Trust
    Share. The other co-trustee of such trust is Virginia Frese Palmer, widow of
    Gordon Palmer, Jr. Mr. Harrison disclaims any beneficial interest in these
    shares.

(3) Shares held in the Estate of Margaret H. Ormandy who died on May 31, 1998.
    Mr. Harrison qualified as executor on June 8, 1998, and disclaims any
    beneficial interest in these shares.

(4) Technitrol, Inc. Board of Directors Stock Plan award. The price disclosed
    is the price on the award date.






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