Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

OMB APPROVAL

    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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(h) of the Investment Company Act of 1940

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Filed By Romeo & Dye's Instant Form 4 Filer
www.section16.net



1. Name and Address of Reporting Person*

Velanovich, Bogoljub L.

2. Issuer Name and Ticker or Trading Symbol
Johnson Controls, Inc. (JCI)

6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
    Director                                       10% Owner
X Officer (give title below)          Other (specify below)

Vice President                                    

(Last)      (First)     (Middle)

49200 Halyard Drive
P.O. Box 8010

3. I.R.S. Identification Number
of Reporting Person,
if an entity (voluntary)

 

4. Statement for
Month/Day/Year
01/07/03

(Street)

Plymouth, MI 48170

5. If Amendment,
Date of Original
(Month/Day/Year)
 
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
    Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Trans-
action
Date
(Month/ Day/
Year)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned Follow-
ing Reported Transactions(s)
(Instr. 3 & 4)

6. Owner-
ship Form:
Direct (D)
or Indirect (I)
(Instr. 4)

7. Nature of Indirect
Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A)
or
(D)

Price

Common Stock

01/07/03

 

A

 

30.578

A

$81.756

10,696.62(1)

D

 

Common Stock

 

 

 

 

 

 

 

634(2)

I

By 401(k) Plan Trust

Preferred Stock Series D

 

 

 

 

 

 

 

733(3)

I

By 401(k) Plan ESOP Trust

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 Instruction 4(b)(v).

Persons who 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 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security

(Instr. 3)

2. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Phantom Stock Units/Excess Benefit Plan-Common

1-for-1

 

 

 

 

 

 

 (4)

 (4)

Common Stock

761

 

761

D

 

Phantom Stock Units/Excess Benefit Plan-Preferred

1-for-1

 

 

 

 

 

 

 (4)

 (4)

Preferred Stock Series D

165

 

165

D

 

Stock Appreciation Rights/ Tandem Stock Option (5)

$57.7813

 

 

 

 

 

 

11/18/00

11/18/08

Common Stock

5,000

 

5,000

D

 

Stock Option/Tandem SAR(5)

$57.7813

 

 

 

 

 

 

11/18/00

11/18/08

Common Stock

5,000

 

5,000

D

 

Stock Option

$57.7813

 

 

 

 

 

 

11/18/00

11/18/08

Common Stock

5,000

 

5,000

D

 

Stock Option

$58.4063

 

 

 

 

 

 

11/17/01

11/17/09

Common Stock

8,000

 

8,000

D

 

Stock Option

$56.8438

 

 

 

 

 

 

11/15/02(6)

11/15/10

Common Stock

8,000

 

8,000

D

 

Stock Option

$80.23

 

 

 

 

 

11/14/03(6)

11/14/11

Common Stock

8,000

 

8,000

D

 

Stock Option

$80.595

 

 

 

 

 

11/20/04(6)

11/20/12

Common Stock

8,000

 

8,000

D

 

Phantom Stock Units/EICP

1-for-1

 

 

 

 

 

 (7)

 (7)

Common Stock

5,774.10

 

5,774.10(8)

D

 

Phantom Stock Units/LTPP

1-for-1

 

 

 

 

 

 (9)

 (9)

Common Stock

1,031.48

 

1,031.48(10)

D

 

Explanation of Responses:

(1) Includes 16.072 shares acquired pursuant to reinvestment of dividends on 1/2/2003 at $81.7619 per share. The Johnson Controls Automatic Dividend Reinvestment and Stock Purchase Plan is available to all shareholders.
(2) Includes 1 share acquired pursuant to the reinvestment of dividends on 12/31/2002 at a price of $80.17 per share.
(3) Includes 4 shares acquired pursuant to the reinvestment of dividends on 12/31/02 at a price of $160.34 per share.
(4) The phantom stock units were accrued under the Johnson Controls Excess Benefit Plan and are to be settled 100% in cash upon the reporting person's retirement.
(5) The stock appreciation right and the employee stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other.
(6) The options become exercisable two years after the grant date in 50% increments. The first 50% becomes exercisable this date and the balance becomes exercisable the following year.
(7) The phantom stock units were accrued under the Johnson Controls Executive Incentive Compensations Plan and are to be settled 100% in cash upon the reporting person's retirement.
(8) Includes 25.20 phantom stock units acquired pursuant to the reinvestment of dividends on 1/2/03 at a price of $82.12 per phantom stock unit.
(9) The phantom stock units were accrued under the Johnson Controls Long-Term Performance Plan and are to be settled 100% in cash upon the reporting person's retirement.
(10) Includes 4.5 phantom stock units acquired pursuant to the reinvestment of dividends on 1/2/03 at a price of $82.12 per phantom stock unit.

  By: /s/ Arlene D. Gumm
             Attorney-In-Fact for Bogoljub L. Velanovich
**Signature of Reporting Person
1/9/2003
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
          If space is insufficient, See Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.