SEC Form 4 · accession 0001127602-17-000721

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

Dec 31, 2016

Accepted (ET)

Jan 4, 2017 · 5:17 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	5,693	—	A	31,235	D
Common Stock	holding	—	—		—	8,020	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 Units^F1,F2	—	Dec 31, 2016	M	5,693	D	—	—	Common Stock	5,693	0	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)	$79.04	holding	—	—	—	Feb 13, 2016	Feb 13, 2023	Common Stock	35,000	35,000	D
Stock Option (Right to Buy)^F3	$109.43	holding	—	—	—	Feb 13, 2015	Feb 13, 2024	Common Stock	36,000	36,000	D
Stock Option (Right to Buy)^F3	$144.69	holding	—	—	—	Feb 12, 2016	Feb 12, 2025	Common Stock	37,000	37,000	D
Stock Option (Right to Buy)^F3	$138.03	holding	—	—	—	Feb 11, 2017	Feb 11, 2026	Common Stock	38,000	38,000	D
Restricted Stock Units^F2,F4	—	holding	—	—	—	—	—	Common Stock	4,750	4,750	D
Restricted Stock Units^F2,F5	—	holding	—	—	—	—	—	Common Stock	2,859	2,859	D
Performance Units^F2,F6	—	holding	—	—	—	—	—	Common Stock	4,271	4,271	D
Performance Units^F2,F7	—	holding	—	—	—	—	—	Common Stock	3,452	3,452	D
Performance Units^F2,F8	—	holding	—	—	—	—	—	Common Stock	2,859	2,859	D
Deferred Stock Units^F2,F9	—	holding	—	—	—	—	—	Common Stock	2,003	2,003	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.
F21 for 1.
F3Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F4The 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.
F5The 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.
F6If 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.
F7If 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.
F8If 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.
F9Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.