SEC Form 4 · accession 0001127602-17-000712

Snap-on Inc · SNA

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

Reporting owner

Anup R Banerjee

Officer — Sr VP & Chief Devel. Officer

Period of report

Dec 31, 2016

Accepted (ET)

Jan 4, 2017 · 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 Stock^F1	Dec 31, 2016	M	54	—	A	54	D
Common Stock	Dec 31, 2016	F	54	$171.27	D	0	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	—	Dec 31, 2016	M	54	D	—	—	Common Stock	54	2,028	D
Restricted Stock Units^F1,F3	—	Dec 31, 2016	M	2,028	D	—	—	Common Stock	2,028	0	D
Deferred Stock Units^F1,F5,F3,F4	—	Dec 31, 2016	M	2,028	A	—	—	Common Stock	2,028	6,976	D
Stock Option (Right to Buy)	$79.04	holding	—	—	—	Feb 13, 2016	Feb 13, 2023	Common Stock	6,500	6,500	D
Stock Option (Right to Buy)^F6	$109.43	holding	—	—	—	Feb 13, 2015	Feb 13, 2024	Common Stock	13,000	13,000	D
Stock Option (Right to Buy)^F6	$144.69	holding	—	—	—	Feb 12, 2016	Feb 12, 2025	Common Stock	13,500	13,500	D
Stock Option (Right to Buy)^F6	$138.03	holding	—	—	—	Feb 11, 2017	Feb 11, 2026	Common Stock	25,000	25,000	D
Restricted Stock Units^F3,F7	—	holding	—	—	—	—	—	Common Stock	1,742	1,742	D
Restricted Stock Units^F3,F8	—	holding	—	—	—	—	—	Common Stock	1,854	1,854	D
Performance Units^F3,F9	—	holding	—	—	—	—	—	Common Stock	1,562	1,562	D
Performance Units^F3,F10	—	holding	—	—	—	—	—	Common Stock	1,266	1,266	D
Performance Units^F3,F11	—	holding	—	—	—	—	—	Common Stock	1,855	1,855	D

Explanation of responses

F1The restricted stock units were earned based on Company performance during fiscal 2014 and vested in one installment based on continued employment through the end of fiscal 2016; the reporting person elected to defer the receipt of a portion of the underlying shares.
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.
F11If 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.
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.
F5This information is based on a plan statement dated September 30, 2016, as updated by the transaction reported above.
F6Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F7The 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.
F8The 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.
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.