SEC Form 4 · accession 0001127602-15-020469

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

Jun 10, 2015

Accepted (ET)

Jun 11, 2015 · 5:02 pm EDT

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	Jun 10, 2015	M	2,500	$109.43	A	4,437	D
Common Stock^F1	Jun 10, 2015	S	2,500	$157.9614	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
Stock Option (Right to Buy)^F3,F2	$109.43	Jun 10, 2015	M	2,500	D	Feb 13, 2015	Feb 13, 2024	Common Stock	2,500	5,000	D
Stock Option (Right to Buy)^F2	$79.04	holding	—	—	—	Feb 13, 2014	Feb 13, 2023	Common Stock	2,333	2,333	D
Stock Option (Right to Buy)^F2	$144.69	holding	—	—	—	Feb 12, 2016	Feb 12, 2025	Common Stock	8,000	8,000	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	—	—	Common Stock	1,139	1,139	D
Restricted Stock Units^F4,F6	—	holding	—	—	—	—	—	Common Stock	1,138	1,138	D
Restricted Stock Units^F4,F7	—	holding	—	—	—	—	—	Common Stock	729	729	D
Performance Units^F4,F8	—	holding	—	—	—	—	—	Common Stock	1,052	1,052	D
Performance Units^F4,F9	—	holding	—	—	—	—	—	Common Stock	854	854	D
Performance Units^F4,F10	—	holding	—	—	—	—	—	Common Stock	729	729	D
Deferred Stock Units^F12,F4,F11	—	holding	—	—	—	—	—	Common Stock	2,867	2,867	D

Explanation of responses

F1This transaction was executed in multiple trades at prices ranging from $157.90 to $158.04. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
F10If the Company achieves certain goals over the 2015-2017 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, subject to plan limits.
F11Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
F12This information is based on a plan statement dated March 31, 2015.
F2Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F3Exercise of Rule 16b-3 stock option.
F41 for 1.
F5The 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.
F6The restricted stock units were earned based on Company performance during fiscal 2014. Assuming continued employment through the end of fiscal 2016, 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 2015. Assuming continued employment through the end of fiscal 2017, 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, subject to plan limits.
F8If 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, subject to plan limits.
F9If 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, subject to plan limits.