SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
KENNEDY JOHN P

(Last) (First) (Middle)
5757 N. GREEN BAY AVENUE
P.O. BOX 591

(Street)
MILWAUKEE WI 53201-0591

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
JOHNSON CONTROLS INC [ JCI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP, Sec'y & Gen Counsel
3. Date of Earliest Transaction (Month/Day/Year)
08/29/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership 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 08/29/2003 M 27,000 A $45.0938 27,000 D
Common Stock 08/29/2003 M 25,000 A $57.7813 52,000 D
Common Stock 08/29/2003 S 52,000 D $99.2013 0 D
Common Stock 09/02/2003 M 3,000 A $57.7813 3,000 D
Common Stock 09/02/2003 M 25,000 A $58.4063 28,000 D
Common Stock 09/02/2003 S 28,000 D $99.9224 0 D
Common Stock 1,825(1) I By 401(k) Plan Trust
Preferred Stock Series D 1,222(2) I By 401(k) Plan ESOP Trust
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. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units/Excess Benefit Plan-Common (3) (4) (4) Common Stock 1,836 1,836(5) D
Phantom Stock Units/Excess Benefit Plan-Preferred (3) (4) (4) Preferred Stock Series D 1,224 1,224(6) D
Phantom Stock Units/ LTPP (3) (7) (7) Common Stock 22,017.51 22,017.51(8) D
Phanton Stock Units/ Restricted Stock Grant (3) (9) (9) Common Stock 10,259.11 10,259.11(10) D
Stock Option $45.0938 08/29/2003 M 13,500 11/19/1999 11/19/2007 Common Stock 13,500 $45.0938 0 D
Stock Option/Tandem SAR(11) $45.0938 08/29/2003 M 13,500 11/19/1999 11/19/2007 Common Stock 13,500 $45.0938 0 D
Stock Appreciation Rights/Tandem Stock Option(11) $45.0938 08/29/2003 H(12) 13,500 11/19/1999 11/19/2007 Common Stock 13,500 $45.0938 0 D
Stock Option $57.7813 08/29/2003 M 14,000 11/18/2000 11/18/2008 Common Stock 14,000 $57.7813 0 D
Stock Option/Tandem SAR(11) $57.7813 08/29/2003 M 11,000 11/18/2000 11/18/2008 Common Stock 11,000 $57.7813 3,000 D
Stock Appreciation Rights/Tandem Stock Option(11) $57.7813 08/29/2003 H(12) 11,000 11/18/2000 11/18/2008 Common Stock 11,000 $57.7813 3,000 D
Stock Option/Tandem SAR(11) $57.7813 09/02/2003 M 3,000 11/18/2000 11/18/2008 Common Stock 3,000 $57.7813 0 D
Stock Appreciation Rights/Tandem Stock Option(11) $57.7813 09/02/2003 H(12) 3,000 11/18/2000 11/18/2008 Common Stock 3,000 $57.7813 0 D
Stock Option $58.4063 09/02/2003 M 25,000 11/17/2001 11/17/2009 Common Stock 25,000 $58.4063 0 D
Stock Option $56.8438 11/15/2002(13) 11/15/2010 Common Stock 30,000 30,000 D
Stock Option $80.23 11/14/2003(14) 11/14/2011 Common Stock 25,000 25,000 D
Stock Option $80.595 11/20/2004(15) 11/20/2012 Common Stock 37,000 37,000 D
Explanation of Responses:
1. Includes 15 shares acquired through the reinvestment of dividends on 12/31/2002, 3/31/2003 and 6/30/2003 at prices ranging from $72.44 to $85.60 per share.
2. Includes 81 shares acquired through a 2/28/03 company match and the reinvestment of dividends on 12/31/2002, 3/31/2003 and 6/30/2003 at prices ranging from $144.88 to $171.20 per share.
3. The phantom stock units convert to the common stock's cash value on a one-for-one basis.
4. The phantom stock units were accrued under the Johnson Controls Equalization 401(k) Benefit Plan and are to be settled 100% in cash upon the reporting person's retirement.
5. Includes 294 phantom stock units acquired through on-going payroll contributions and the reinvestment of dividends on 12/31/2002, 3/31/2003 and 6/30/2003 at prices ranging from $72.44 to $86.50 per unit. This represents the most recent information available from the plan trustee.
6. Includes 289 phantom stock units acquired through a 2/28/03 company match and the reinvestment of dividends on 12/31/2002, 3/31/2003 and 6/30/2003 at prices ranging from $144.88 to $171.20 per unit. This represents the most recent information available from the plan trustee.
7. 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.
8. Includes 295.91 phantom stock units acquired through the reinvestment of dividends on 1/2/2003, 3/31/2003 and 6/30/2003 at prices ranging from $72.44 to $86.50 per unit.
9. The restricted stock units were awarded under the Johnson Controls Executive Deferred Compensation Plan. The restrictive period ends on 1/2/2004 and 1/2/2006 in 50% increments. The units are to be settled 100% in cash upon the reporting person's retirement.
10. Includes 137.81 phantom stock units acquired through the reinvestment of dividends on 1/2/2003, 3/31/2003 and 6/30/2003 at prices ranging from $72.44 to $86.50 per unit.
11. The stock appreciation rights and the stock option were granted in tandem. Accordingly, the exercise of one results in the surrender of the other.
12. Surrender of tandem Stock Appreciation Rights upon exercise of tandem Stock Option.
13. The options become exercisable two years after the grant date in 50% increments on 11/15/02 and 11/15/03.
14. The options become exercisable two years after the grant date in 50% increments on 11/14/03 and 11/14/04.
15. The options become exercisable two years after the grant date in 50% increments on 11/20/04 and 11/20/05.
Remarks:
Arlene D. Gumm Attorney-In-Fact for John P. Kennedy 09/03/2003
** Signature of Reporting Person Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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