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OMB APPROVAL
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OMB Number 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
AlliedSignal Inc.
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(Last) (First) (MI)
101 Columbia Road,
P.O. Box 4000
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(Street)
Morristown, New Jersey 07962-2497
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
6/4/99
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3. IRS or Social Security Number of Reporting Person (Voluntary)
22-2640650
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4. Issuer Name and Ticker or Trading Symbol
Honeywell Inc. HON
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5 Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check Applicable Lines)
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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Common Stock 75,000 I By Allied Capital Management LLC
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instructions
5(b)(v).
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 control number.
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
1. Title of Derivative Date Expira- Number Price of Indirect Beneficial
Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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(see (see
Option (contingent explana- explana- Common Stock,
right to buy) tion of tion of par value
(see explanation responses responses $1.50
of responses below) below) below) per share 25,241,518 $109.453 D
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Explanation of Responses:
On June 4, 1999, Honeywell Inc. (the "Issuer"), AlliedSignal Inc. (the
"Reporting Person") and Blossom Acquisition Corp. ("Merger Sub"), a
wholly owned subsidiary of the Reporting Person, entered into an
Agreement and Plan of Merger (the "Merger Agreement") providing for,
among other things, the merger of Merger Sub with and into the Issuer,
with the Issuer being the surviving corporation in such merger and
becoming a wholly owned subsidiary of the Reporting Person. In
connection with the Merger Agreement, the Issuer and the Reporting
Person entered into a Stock Option Agreement (the "Option Agreement"),
dated as of June 4, 1999, pursuant to which the Issuer granted the
Reporting Person an option (the "Option") to purchase up to 25,241,518
shares of common stock of the Issuer. The Option may only be exercised
if the Merger Agreement is terminated under certain circumstances set
forth in the Merger Agreement and the Option Agreement.
By reason of its execution of the Option Agreement, the Reporting Person
may be deemed to have beneficial ownership of the Option Shares and,
accordingly, may be deemed to beneficially own 25,241,518 (or
approximately 16.5% of the outstanding shares of common stock of the
Issuer (based upon there being 126,841,802 shares of common stock of the
Issuer outstanding on June 1, 1999 as represented by the Issuer to the
Reporting Person in the Merger Agreement)). The Reporting Person
expressly disclaims any beneficial ownership of the Option Shares on the
grounds that the Option is not presently exercisable and only becomes
exercisable upon the occurrence of the events referred to above. If the
Option were exercised, the Reporting Person would have the sole right to
vote and to dispose of the Option Shares issued as a result of such
exercise.
Neither the filing of this Form 3 nor any of its contents shall be
deemed to constitute an admission that the Reporting Person is the
beneficial owner of the Option Shares for purposes of Sections 13(d) or
16 of the Securities Exchange Act of 1934, as amended, or for any other
purpose and such beneficial ownership is expressly disclaimed. The
foregoing summary of the Option Agreement is qualified in its entirety
by reference to such agreement, which has been filed as an exhibit to
the Reporting Person's statement on Schedule 13D filed with respect to
the Issuer on the date hereof.
ALLIEDSIGNAL INC.
By: /s/ Peter M. Kriendler June 14, 1999
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Name: Peter M. Kriendler Date
Title: Senior Vice President,
General Counsel and Secretary
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).