SEC Form 4 · accession 0001127602-15-001255

Snap-on Inc · SNA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Constance Johnsen

Officer — Vice President and Controller

Period of report

Jan 3, 2015

Accepted (ET)

Jan 6, 2015 · 5:58 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000091440

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jan 3, 2015	M	72	—	A	2,009	D
Common Stock	Jan 3, 2015	F	72	$136.29	D	1,937	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F3	—	Jan 3, 2015	M	72	D	—	—	Common Stock	72	1,172	D
Restricted Stock Units^F1,F3	—	Jan 3, 2015	M	1,172	D	—	—	Common Stock	1,172	0	D
Deferred Stock Units^F1,F3,F4	—	Jan 3, 2015	M	1,172	A	—	—	Common Stock	1,172	1,172	D
Stock Option (Right to Buy)^F5	$60.00	holding	—	—	—	Feb 8, 2013	Feb 8, 2022	Common Stock	2,000	2,000	D
Stock Option (Right to Buy)^F5	$79.04	holding	—	—	—	Feb 13, 2014	Feb 13, 2023	Common Stock	4,666	4,666	D
Stock Option (Right to Buy)^F5	$109.43	holding	—	—	—	Feb 13, 2015	Feb 13, 2024	Common Stock	7,500	7,500	D
Restricted Stock Units^F3,F6	—	holding	—	—	—	—	—	Common Stock	1,139	1,139	D
Restricted Stock Units^F3,F7	—	holding	—	—	—	—	—	Common Stock	854	854	D
Performance Units^F3,F8	—	holding	—	—	—	—	—	Common Stock	1,416	1,416	D
Performance Units^F3,F9	—	holding	—	—	—	—	—	Common Stock	1,052	1,052	D
Performance Units^F3,F10	—	holding	—	—	—	—	—	Common Stock	854	854	D

Explanation of responses

F1The restricted stock units were earned based on Company performance during fiscal 2012 and vested in one installment based on continued employment through the end of fiscal 2014; the reporting person elected to defer the receipt of a portion of the underlying shares.
F10If the Company achieves certain goals over the 2014-2016 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported.
F2Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
F31 for 1.
F4Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
F5Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F6The restricted stock units were earned based on Company performance during fiscal 2013. Assuming continued employment through the end of fiscal 2015, the units will then vest in one installment and the shares will be issued shortly thereafter.
F7The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2014. Assuming continued employment through the end of fiscal 2016, any units earned will then vest in one installment and the shares will be issued shortly thereafter. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported.
F8If the Company achieves certain goals over the 2012-2014 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported.
F9If the Company achieves certain goals over the 2013-2015 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported.