Form 4

FORM 4

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

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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).

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 and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

Okarma, Jerome D.

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)

Deputy General Counsel and Assistant Secretary    

(Last)      (First)     (Middle)

5757 N. Green Bay Avenue
P.O. Box 591

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

 

4. Statement for
Month/Day/Year
January 31, 2003

(Street)

Milwaukee, WI 53201-0591

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

 

 

 

 

 

 

 

2,803

I

By 401(k) Plan Trust

Preferred Stock Series D

 

 

 

 

 

 

 

1,022(1)

I

By 401(k) Plan ESOP Trust

Common Stock

1/31/03

 

M

 

2,800

A

$24.6563

 

D

 

Common Stock

1/31/03

 

S

 

2,800

D

$81.00

 

D

 

Common Stock

2/3/03

 

M

 

2,800

A

$24.6563

 

D

 

Common Stock

2/3/03

 

D

 

2,800

D

$81.015

2,748.382(2)

D

 
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

 

 

 

 

 

 

 (3)

 (3)

Common Stock

255.047

 

255.047(4)

D

 

Phantom Stock Units/Excess Benefit Plan-Preferred

1-for-1

 

 

 

 

 

 

 (3)

 (3)

Preferred Stock Series D

208.383

 

208.383(5)

D

 

Stock Option

$24.6563

1/31/03

 

M

 

 

2,800

11/16/96

11/16/04

Common Stock

2,800

 

0

D

 

Stock Option/Tandem SAR(6)

$24.6563

2/3/03

 

H(7)

 

 

2,800

11/16/96

11/16/04

Common Stock

2,800

 

0

D

 

Stock Appreciation Rights/Tandem Stock Option (8)

$24.6563

2/3/03

 

M

 

 

2,800

11/16/04

11/16/04

Common Stock

2,800

 

0

D

 

Stock Option

$31.8438

 

 

 

 

 

 

11/15/97

11/15/05

Common Stock

3,300

 

3,300

D

 

Stock Option/Tandem SAR(6)

$31.8438

 

 

 

 

 

 

11/15/97

11/15/05

Common Stock

3,300

 

3,300

D

 

Stock Appreciation Rights/Tandem Stock Option(8)

$31.8438

 

 

 

 

 

 

11/15/97

11/15/05

Common Stock

3,300

 

3,300

D

 

Stock Option

$36.9375

 

 

 

 

 

 

11/20/98

11/20/06

Common Stock

3,300

 

3,300

D

 

Stock Option/Tandem SAR(6)

$36.9375

 

 

 

 

 

 

11/20/98

11/20/06

Common Stock

3,300

 

3,300

D

 

Stock Appreciation Rights/Tandem Stock Option(8)

$36.9375

 

 

 

 

 

 

11/20/98

11/20/06

Common Stock

3,300

 

3,300

D

 

Stock Option

$45.0938

 

 

 

 

 

 

11/19/99

11/19/07

Common Stock

3,500

 

3,500

D

 

Stock Option/Tandem SAR(6)

$45.0938

 

 

 

 

 

11/19/99

11/19/07

Common Stock

3,500

 

3,500

D

 

Stock Appreciation Rights/Tandem Stock Option(8)

$45.0938

 

 

 

 

 

 

11/19/99

11/19/07

Common Stock

3,500

 

3,500

D

 

Stock Option

$57.7813

 

 

 

 

 

 

11/18/00

11/18/08

Common Stock

4,000

 

4,000

D

 

Stock Option/Tandem SAR(6)

$57.7813

 

 

 

 

 

 

11/18/00

11/18/08

Common Stock

4,000

 

4,000

D

 

Stock Appreciation Rights/Tandem Stock Option(8)

$57.7813

 

 

 

 

 

 

11/18/00

11/18/08

Common Stock

4,000

 

4,000

D

 

Stock Option

$58.4063

 

 

 

 

 

 

11/17/01

11/17/09

Common Stock

7,000

 

7,000

D

 

Stock Option

$56.8438

 

 

 

 

 

 

11/15/02(9)

11/15/10

Common Stock

8,000

 

8,000

D

 

Stock Option

$80.23

 

 

 

 

 

 

11/14/03(9)

11/14/11

Common Stock

7,000

 

7,000

D

 

Stock Option

$80.595

 

 

 

 

 

11/20/04(9)

11/20/12

Common Stock

8,000

 

8,000

D

 

Explanation of Responses:

(1) Includes 6 shares acquired pursuant to the reinvestment of dividends on 12/31/02 at $160.34 per share.
(2) Includes 12.049 shares acquired pursuant to the reinvestment of dividends on 1/2/03 at $81.76 per share.
(3) 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.
(4) Includes 1.147 phantom stock units acquired pursuant to the reinvestment of dividends on 12/31/02 at $81.48 per unit.
(5) Includes 1.383 phantom stock units acquired pursuant to the reinvestment of dividends on 12/31/02 at $162.96 per unit.
(6) The stock option and the stock appreciation rights were granted in tandem. Accordingly, the exercise of one results in the expiration of the other.
(7) Surrender of nonqualified stock options because of the exercise of the tandem stock appreciation rights.
(8) The stock appreciation rights and the stock option were granted in tandem. Accordingly, the exercise of one results in the expiration of the other.
(9) The options become exercisable two years after the grant date with 50% vesting this date and 50% the following year.
  By: /s/ Arlene D. Gumm
             Attorney-In-Fact for Jerome D. Okarma
**Signature of Reporting Person		 2/4/03
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.
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