+--------+ | FORM 3 | U.S. SECURITIES AND EXCHANGE COMMISSION +--------+ WASHINGTON, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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(f) of the Investment Company Act of 1940 (Print or Type Responses) - -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* United Technologies Corporation ---------------------------------------------------------------------------- (Last) (First) (Middle) One Financial Plaza ---------------------------------------------------------------------------- (Street) Hartford, Connecticut 06101 ---------------------------------------------------------------------------- (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 10/13/00 -------------- 3. I.R.S. Identification Number of Reporting Person if an entity (Voluntary) -------------- 4. Issuer Name and Ticker or Trading Symbol Specialty Equipment Companies, Inc. (SEC) ---------------------------------------------------------------------------- 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X ___ Director ___ Officer ___ 10% Owner ___ Other (give title below) (specify below) ---------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) ---------------------------- 7. Individual or Joint Group Filing (Check Applicable Line) ____ Form Filed by One Reporting Person X ____ Form filed by More than One Reporting Person - -------------------------------------------------------------------------------- TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED * If the form is filed by more than one reporting person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. [Potential persons who are to 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.] ______________________ /1/ See Explanations of Responses (Print or Type Response)
- -------------------------------------------------------------------------------- 1. Title 2. Amount of 3. Ownership Form: 4. Nature of of Securities Bene- Direct (D) or Indirect Bene- Security ficially Owned Indirect (I) ficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Common Stock, par 0 shares/1/ Not applicable Not applicable value $.01 per share - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FORM 3 (continued) TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities) Print or Type Response Page 2 of 4
- ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In- Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene- Expiration (Instr. 4) Exercise Derivative ficial Date Price Security: Ownership (Month/Day/ of Direct (D) (Instr. 5) Year) Derivative or In- ---------------------------------------------------- Security direct (I) Date Expira- Amount or (Instr. 5) Exer- tion Title Number of cisable Date Shares - ------------------------------------------------------------------------------------------------------------------------------------ Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ----------------------------------------------------------------------------------------------------------------------------------- Explanation of Responses: See Attachment B ** Intentional misstatements or omissions of UNITED TECHNOLOGIES CORPORATION facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Ari Bousbib 10/23/00 ------------------------------- ----------------- See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) **Signature of Reporting Person Date By: Name: Ari Bousbib [Potential persons who are to respond to Title: Vice President the collection of Information contained in this form are not required to respond unless the form displays a currently valid SOLAR ACQUISITION CORP. OMB control Number.] /s/ Ari Bousbib 10/23/00 ------------------------------- ----------------- **Signature of Reporting Person Date By: Name: Ari Bousbib Title: President Attachment A ------------ Additional Reporting Person Solar Acquisition Corp., a Delaware corporation, located at One Financial Plaza, Hartford, Connecticut, 06101, is a wholly owned subsidiary of United Technology Corporation and joins United Technology Corporation as a filer for purposes of this Form 3. Page 3 of 4 Attachment B ------------ Explanation of Responses United Technologies Corporation ("Parent") and its wholly owned subsidiary, Solar Acquisition Corp. ("Subsidiary"), entered into a Stockholder Agreement dated October 13, 2000 (the "Stockholder Agreement") with certain stockholders of Specialty Equipment Companies, Inc. ("Target"), pursuant to which Parent and Subsidiary have beneficial ownership of certain shares of Target but do not have a pecuniary interest in such shares. The stockholders party to the Stockholder Agreement have therein agreed, among other things, to (i) validly tender (as part of the tender offer pursuant to which Subsidiary has offered to purchase all of the shares of Target issued and outstanding), and not withdraw, all shares beneficially owned or subsequently acquired by such stockholders, (ii) grant Subsidiary an option to purchase all such shares at a price of $30.50 per share (or such other price as may be payable in the tender offer) upon the occurrence of certain events, and (iii) vote all such shares in favor of the merger of Subsidiary into Target consistent with the Agreement and Plan of Merger, dated October 13, 2000, among Parent, Subsidiary and Target, and against certain acquisition proposals with respect to Target made by third parties. Page 4 of 4