SEC Form 4 · accession 0001127602-16-035923
Snap-on Inc · SNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L. Kassouf
Officer — Sr VP & Pres - Tools
Period of report
Jan 2, 2016
Accepted (ET)
Jan 5, 2016 · 5:13 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 | Jan 2, 2016 | M | 6,052 | — | A | 27,251 | D | |
| Common Stock | Jan 2, 2016 | F | 2,088 | $171.43 | D | 25,163 | D | |
| Common StockF3 | holding | — | — | — | 7,675 | I | By 401(k) |
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 2, 2016 | M | 6,052 | D | — | — | Common Stock | 6,052 | 0 | D |
| Stock Option (Right to Buy) | $51.75 | holding | — | — | — | Feb 13, 2011 | Feb 13, 2018 | Common Stock | 20,000 | 20,000 | D |
| Stock Option (Right to Buy) | $58.94 | holding | — | — | — | Feb 9, 2014 | Feb 9, 2021 | Common Stock | 28,000 | 28,000 | D |
| Stock Option (Right to Buy) | $60.00 | holding | — | — | — | Feb 8, 2015 | Feb 8, 2022 | Common Stock | 33,000 | 33,000 | D |
| Stock Option (Right to Buy)F5 | $79.04 | holding | — | — | — | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 35,000 | 35,000 | D |
| Stock Option (Right to Buy)F5 | $109.43 | holding | — | — | — | Feb 13, 2015 | Feb 13, 2024 | Common Stock | 36,000 | 36,000 | D |
| Stock Option (Right to Buy)F5 | $144.69 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2025 | Common Stock | 37,000 | 37,000 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 5,693 | 5,693 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Common Stock | 3,452 | 3,452 | D |
| Performance UnitsF4,F8 | — | holding | — | — | — | — | — | Common Stock | 5,588 | 5,588 | D |
| Performance UnitsF4,F9 | — | holding | — | — | — | — | — | Common Stock | 4,271 | 4,271 | D |
| Performance UnitsF4,F10 | — | holding | — | — | — | — | — | Common Stock | 3,452 | 3,452 | D |
| Deferred Stock UnitsF3,F4,F11 | — | holding | — | — | — | — | — | Common Stock | 1,972 | 1,972 | D |
Explanation of responses
- F1The restricted stock units were earned based on Company performance during fiscal 2013 and vested in one installment based on continued employment through the end of fiscal 2015.
- 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.
- F2Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
- F3This information is based on a plan statement dated September 30, 2015.
- 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 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.