4//SEC Filing
SUNDSTRAND CORP /DE/ 4
Accession 0001017676-99-000002
CIK 0000095395operating
Filed
Aug 10, 8:00 PM ET
Accepted
—
Size
18.4 KB
Accession
0001017676-99-000002
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (8)
- [1]Acquisition by the Reporting Person pursuant to dividend reinvestment on Sundstrand stock held in account with Smith Barney.
- [2]Acquisition by the Reporting Person pursuant to dividend reinvestment under Sundstrand Corporation's Dividend Reinvestment Plan.
- [3]Allocated to the Reporting Person's account pursuant to an automatic dividend reinvestment feature of the 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 27,569 shares of Sundstrand common stock, which were restricted, 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 15,383 UTC shares, which are restricted, being issued to the Reporting Person. (See Note 6 below.)
- [5]In connection with the merger with UTC, 12,000 Sundstrand restricted stock units held by the Reporting Person were released. The released units were exchanged for 12,000 shares of Sundstrand common stock which in turn were exchanged for the merger consideration of cash and UTC stock on June 10, 1999, with 6,696 UTC shares being issued to the Reporting Person. (See Note 6 below.)
- [6]In connection with the merger with UTC, the 75,441.4313 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 42,096 UTC shares being issued to the Reporting Person. Of the 42,096 UTC shares issued, 15,383 were related to Sundstrand common stock shares issued prior to the merger in connection with the exercise of stock options (see Note 4 above) and 6,696 were related to the release of restricted stock units (see Note 5 above).
- [7]In connection with the merger with UTC, 10,750 exercisable options held by the Reporting Person were converted to UTC options. Of the 10,750 exercisable Sundstrand options held by the Reporting Person, 4,500 were at an exercise price of $22.375, and 6,250 were at an exercise price of $35.9375.
- [8]In connection with the merger with UTC, shares of Sundstrand common stock held in the Reporting Person's Sundstrand Corporation Employee Savings Plan-Sundstrand Stock Fund account were exchanged for the merger consideration of cash and UTC stock on June 10, 1999. -----END PRIVACY-ENHANCED MESSAGE-----
Documents
Issuer
SUNDSTRAND CORP /DE/
CIK 0000095395
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000095395
Filing Metadata
- Form type
- 4
- Filed
- Aug 10, 8:00 PM ET
- Size
- 18.4 KB