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*
OKARMA JEROME D

(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)
Assistant Secretary
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2003
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 07/24/2003 M 3,300 A $31.8438 6,069.714 D
Common Stock 07/24/2003 D 3,300 D $96.925 2,769.714(1) D
Common Stock 2,823.52(2) I By 401(k) Plan Trust
Preferred Stock 1,093.9(3) 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
Stock Option/Tandem SAR(4) $31.8438 07/24/2003 H(5) 3,300 11/15/1997 11/15/2005 Common Stock 3,300 $31.8438 0 D
Stock Appreciation Rights/Tandem Stock Option(6) $31.8438 07/24/2003 M 3,300 11/15/1997 11/15/2005 Common Stock 3,300 $31.8438 0 D
Phantom Stock Units/Excess Benefit Plan-Common (7) (8) (8) Common Stock 263.1 263.1(9) D
Phantom Stock Units/Excess Benefit Plan-Preferred (7) (8) (8) Preferred Stock 296.3 296.3(10) D
Explanation of Responses:
1. Includes 21.332 shares acquired pursuant to dividend reinvestment on 3/31/2003 and 6/30/2003 at prices of $72.44 and $85.60 per share.
2. Includes 20.52 shares acquired pursuant to the reinvestment of dividends on 3/31/2003 and 6/30/2003 at prices of $72.44 and $85.60 per share.
3. Includes 71.9 shares acquired pursuant to dividend reinvestment on 3/31/2003 and 6/30/2003 and a company match on 2/28/2003 at prices ranging from $144.88 to $171.20 per share.
4. The stock option and the stock appreciation rights were granted in tandem. Accordingly, the exercise of one results in the expiration of the other.
5. Surrender of nonqualified stock options because of the exercise of the tandem stock appreciation rights.
6. The stock appreciation rights and the stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other.
7. The phantom stock units convert to the common stock's cash value on a one-for-one basis.
8. 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.
9. Includes 8.053 phantom stock units acquired pursuant to dividend reinvestment on 3/31/2003 and 6/30/2003 at prices ranging from $72.44 to $85.60 per unit.
10. Includes 87.917 phantom stock units acquired pursuant to dividend reinvestment on 3/31/2003 and 6/30/2003 and a company match on 2/28/03 at prices ranging from $144.88 to $171.20 per unit.
Remarks:
Arlene D. Gumm Attorney-In-Fact for Jerome D. Okarma 07/28/2003
** 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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