SEC Form 4 · accession 0001127602-16-066713
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
Nov 9, 2016
Accepted (ET)
Nov 10, 2016 · 5:45 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 | Nov 9, 2016 | M | 761 | $79.04 | A | 2,698 | D | |
| Common StockF1 | Nov 9, 2016 | S | 761 | $161.1673 | D | 1,937 | D | |
| Common Stock | Nov 10, 2016 | M | 1,572 | $79.04 | A | 3,509 | D | |
| Common StockF2 | Nov 10, 2016 | S | 1,205 | $161.7394 | D | 2,304 | D | |
| Common StockF3 | Nov 10, 2016 | S | 367 | $163.10 | D | 1,937 | D | |
| Common Stock | Nov 10, 2016 | M | 2,500 | $109.43 | A | 4,437 | D | |
| Common StockF4 | Nov 10, 2016 | S | 2,500 | $165.1937 | 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)F5 | $79.04 | Nov 9, 2016 | M | 761 | D | Feb 13, 2016 | Feb 13, 2023 | Common Stock | 761 | 1,572 | D |
| Stock Option (Right to Buy)F5 | $79.04 | Nov 10, 2016 | M | 1,572 | D | Feb 13, 2016 | Feb 13, 2023 | Common Stock | 1,572 | 0 | D |
| Stock Option (Right to Buy)F5,F6 | $109.43 | Nov 10, 2016 | M | 2,500 | D | Feb 13, 2015 | Feb 13, 2024 | Common Stock | 2,500 | 2,500 | D |
| Stock Option (Right to Buy)F6 | $144.69 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2025 | Common Stock | 8,000 | 8,000 | D |
| Stock Option (Right to Buy)F6 | $138.03 | holding | — | — | — | Feb 11, 2017 | Feb 11, 2026 | Common Stock | 8,500 | 8,500 | D |
| Restricted Stock UnitsF7,F8 | — | holding | — | — | — | — | — | Common Stock | 1,138 | 1,138 | D |
| Restricted Stock UnitsF7,F9 | — | holding | — | — | — | — | — | Common Stock | 1,003 | 1,003 | D |
| Restricted Stock UnitsF7,F10 | — | holding | — | — | — | — | — | Common Stock | 618 | 618 | D |
| Performance UnitsF7,F11 | — | holding | — | — | — | — | — | Common Stock | 854 | 854 | D |
| Performance UnitsF7,F12 | — | holding | — | — | — | — | — | Common Stock | 729 | 729 | D |
| Performance UnitsF7,F13 | — | holding | — | — | — | — | — | Common Stock | 618 | 618 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $161.02 to $161.30. 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.
- F10The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2016. Assuming continued employment through the end of fiscal 2018, 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.
- F11If 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.
- F12If 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.
- F13If the Company achieves certain goals over the 2016-2018 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.
- F2This transaction was executed in multiple trades at prices ranging from $161.55 to $162.1482. 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.
- F3This transaction was executed in multiple trades at prices ranging from $163.0078 to $163.45. 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.
- F4This transaction was executed in multiple trades at prices ranging from $164.81 to $165.53. 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.
- F5Exercise of Rule 16b-3 stock option.
- F6Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F71 for 1.
- F8The 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.
- F9The restricted stock units were earned based on Company performance during fiscal 2015. Assuming continued employment through the end of fiscal 2017, the units will then vest in one installment and the shares will be issued shortly thereafter.