SEC Form 4 · accession 0001127602-15-001268
Snap-on Inc · SNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Ward
Officer — Sr VP & President - RS&I Group
Period of report
Jan 3, 2015
Accepted (ET)
Jan 6, 2015 · 6:08 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 StockF1,F2 | Jan 3, 2015 | M | 9,439 | — | A | 42,217 | D | |
| Common Stock | Jan 3, 2015 | F | 3,284 | $136.29 | D | 38,933 | 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 UnitsF1,F4 | — | Jan 3, 2015 | M | 9,439 | D | — | — | Common Stock | 9,439 | 0 | D |
| Stock Option (Right to Buy) | $41.01 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2020 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (Right to Buy) | $58.94 | holding | — | — | — | Feb 9, 2014 | Feb 9, 2021 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (Right to Buy)F5 | $60.00 | holding | — | — | — | Feb 8, 2013 | Feb 8, 2022 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (Right to Buy)F5 | $79.04 | holding | — | — | — | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (Right to Buy)F5 | $109.43 | holding | — | — | — | Feb 13, 2015 | Feb 13, 2024 | Common Stock | 42,000 | 42,000 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 7,831 | 7,831 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Common Stock | 5,369 | 5,369 | D |
| Performance UnitsF4,F8 | — | holding | — | — | — | — | — | Common Stock | 10,738 | 10,738 | D |
| Performance UnitsF4,F9 | — | holding | — | — | — | — | — | Common Stock | 7,232 | 7,232 | D |
| Performance UnitsF4,F10 | — | holding | — | — | — | — | — | Common Stock | 5,370 | 5,370 | 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.
- 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.
- F2Includes 6.1559 shares acquired under a dividend reinvestment plan.
- F3Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
- F41 for 1.
- 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.