Honeywell 2007 Annual Report Download - page 146

Plan
Category
Number of
Shares to
be Issued
Upon
Exercise of
Outstanding
Options,
Warrants
and Rights
Weighted-
Average
Exercise
Price of
Outstanding
Options,
Warrants
and Rights
Number of
Securities
Remaining
Available for
Future Issuance
Under Equity
Compensation
Plans (Excluding
Securities
Reflected in
Column(a))
(a) (b) (c)
Equity compensation plans approved by security holders 47,079,091(1) $ 41.68(2) 41,704,400(3)
Equity compensation plans not approved by security
holders 716,150(4) N/A(5) N/A(6)
Total 47,795,241 $ 41.68 41,704,400
(1) Equity compensation plans approved by shareowners that are included in column (a) of the table are the
2006 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (the "2006 Stock Incentive Plan")
(6,103,925 shares of Common Stock to be issued for options; 3,771,170 restricted units subject to continued
employment); the 2003 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (the "2003 Stock
Incentive Plan") (17,494,110 shares of Common Stock to be issued for options; 4,500 shares to be issued for
SARs; 1,779,975 restricted units subject to continued employment; and 947,025 deferred restricted units of
earned and vested awards under prior plans approved by shareowners where delivery of shares has been
deferred); the 1993 Stock Plan for Employees of Honeywell International Inc. and its Affiliates (16,149,756
shares of Common Stock to be issued for options; 69,900 shares to be issued for SARs; and 431,230
restricted units subject to continued employment); the 2006 Stock Plan for Non-Employee Directors of
Honeywell International Inc. (the "Non-Employee Director Plan") (110,000 shares of Common Stock to be
issued for options and 3,000 shares of restricted stock), and the 1994 Stock Plan for Non-Employee Directors
of Honeywell International Inc. (181,500 shares of Common Stock to be issued for options and 33,000 shares
of restricted stock).
822,060 growth plan units were issued in the first quarter of 2005 pursuant to a long-term compensation
program established under the 2003 Stock Incentive Plan. The ultimate value of any growth plan award may
be paid in cash or shares of Common Stock and, thus, growth plan units are not included in the table above.
The ultimate value of growth plan units depends upon the achievement of pre-established performance goals
during a two-year performance cycle relating to growth in earnings per share, revenue and return on
investment. The growth plan units issued in the first quarter of 2005 relate to the performance cycle
commencing January 1, 2005 and ending December 31, 2006. 50% of any cash payment related to these
growth plan units was paid in March 2007 and the remaining 50% of the cash payment will be paid in March
2008, subject to active employment on the payment dates.
899,840 growth plan units were issued in the first quarter of 2007 for the performance cycle commencing on
January 1, 2007 and ending December 31, 2008 pursuant to the 2006 Stock Incentive Plan. The ultimate
value of any growth plan award may be paid in cash or shares of Common Stock and, thus, growth plan units
are not included in the table above. The ultimate value of growth plan units depends upon the achievement of
pre-established performance goals during a two-year performance cycle relating to growth in earnings per
share, revenue and return on investment. 50% of any payment related to these growth plan units will be paid
in March 2009 and the remaining 50% will be paid in March 2010, subject to active employment on the
payment dates.
Because the number of future shares that may be distributed to employees participating in the Honeywell
Global Stock Plan is unknown, no shares attributable to that plan are included in column (a) of the table
above.
(2) Column (b) does not include any exercise price for restricted units or growth plan units granted to employees
or non-employee directors under equity compensation plans approved by shareowners. Restricted units do
not have an exercise price because their value is dependent upon attainment of
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