Honeywell 2003 Annual Report Download - page 23

Part II.
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities
Market and dividend information for Honeywell's common stock is included in
Note 26 of Notes to Financial Statements of our 2003 Annual Report to
Shareowners which is incorporated herein by reference.
The number of record holders of our common stock at December 31, 2003 was
88,454.
The following table summarizes Honeywell's purchases of its common stock,
par value $1 per share, for the year ending December 31, 2003:
Issuer Purchases of Equity Securities
(a) (b) (c) (d)
Maximum
Total Number (or
Number of Approximate
Shares Dollar Value) of
Purchased as Shares that
Total Part of Publicly May Yet be
Number of Average Announced Purchased Under
Shares Price Paid Plans or Plans or
Period Purchased per Share Programs Programs
------ --------- --------- -------- --------
December 19-31, 2003 1,887,000 $32.71 1,887,000 (A)
---------
(A) In November 2003 Honeywell announced its intention to repurchase sufficient
outstanding shares of its common stock to offset the dilutive impact of
employee stock based compensation plans, including future option exercises,
restricted unit vesting and matching contributions under our savings plans.
We estimate share repurchases of approximately 10 million shares annually.
Item 6. Selected Financial Data
Selected Financial Data on page 26 of our 2003 Annual Report to Shareowners
is incorporated herein by reference.
Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations
'Management's Discussion and Analysis' on pages 27 through 44 of our 2003
Annual Report to Shareowners is incorporated herein by reference.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Information relating to market risk is included under the caption 'Financial
Instruments' in 'Management's Discussion and Analysis' on pages 43 and 44 of our
2003 Annual Report to Shareowners, and such information is incorporated herein
by reference.
Item 8. Financial Statements and Supplementary Data
Our consolidated financial statements, together with the report thereon of
PricewaterhouseCoopers LLP dated February 5, 2004, appearing on pages 45 through
76 of our 2003 Annual Report to Shareowners, are incorporated herein by
reference. With the exception of the aforementioned information and the
information incorporated by reference in Items 1, 3, 5, 6, 7 and 7A, the 2003
Annual Report to Shareowners is not to be deemed filed as part of this
Annual Report on Form 10-K .
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure
Not Applicable.
14