SEC Form 4 · accession 0001127602-17-000732
Snap-on Inc · SNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aldo John Pagliari
Officer — Sr VP - Finance & CFO
Period of report
Dec 31, 2016
Accepted (ET)
Jan 4, 2017 · 5:23 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,F2 | Dec 31, 2016 | M | 5,368 | — | A | 41,599 | D | |
| Common Stock | Dec 31, 2016 | F | 1,831 | $171.27 | D | 39,768 | D | |
| Common Stock | Jan 3, 2017 | S | 1,700 | $171.42 | D | 38,068 | 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 UnitsF1,F5 | — | Dec 31, 2016 | M | 5,368 | D | — | — | Common Stock | 5,368 | 0 | D |
| Stock Option (Right to Buy) | $51.75 | holding | — | — | — | Feb 13, 2011 | Feb 13, 2018 | Common Stock | 6,480 | 6,480 | D |
| Stock Option (Right to Buy) | $29.69 | holding | — | — | — | Feb 11, 2012 | Feb 11, 2019 | Common Stock | 6,480 | 6,480 | D |
| Stock Option (Right to Buy) | $41.01 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2020 | Common Stock | 6,480 | 6,480 | D |
| Stock Option (Right to Buy) | $58.94 | holding | — | — | — | Feb 9, 2014 | Feb 9, 2021 | Common Stock | 20,000 | 20,000 | D |
| Stock Option (Right to Buy) | $60.00 | holding | — | — | — | Feb 8, 2015 | Feb 8, 2022 | Common Stock | 27,000 | 27,000 | D |
| Stock Option (Right to Buy) | $79.04 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2023 | Common Stock | 30,000 | 30,000 | D |
| Stock Option (Right to Buy)F6 | $109.43 | holding | — | — | — | Feb 13, 2015 | Feb 13, 2024 | Common Stock | 33,000 | 33,000 | D |
| Stock Option (Right to Buy)F6 | $144.69 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2025 | Common Stock | 34,000 | 34,000 | D |
| Stock Option (Right to Buy)F6 | $138.03 | holding | — | — | — | Feb 11, 2017 | Feb 11, 2026 | Common Stock | 35,000 | 35,000 | D |
| Restricted Stock UnitsF5,F7 | — | holding | — | — | — | — | — | Common Stock | 4,486 | 4,486 | D |
| Restricted Stock UnitsF5,F8 | — | holding | — | — | — | — | — | Common Stock | 2,704 | 2,704 | D |
| Performance UnitsF5,F9 | — | holding | — | — | — | — | — | Common Stock | 4,027 | 4,027 | D |
| Performance UnitsF5,F10 | — | holding | — | — | — | — | — | Common Stock | 3,261 | 3,261 | D |
| Performance UnitsF5,F11 | — | holding | — | — | — | — | — | Common Stock | 2,704 | 2,704 | 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.
- 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.
- F2Includes 34.7098 shares acquired under a dividend reinvestment plan.
- F3Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
- F4The shares were sold pursuant to a Rule 10b5-1 Plan.
- F51 for 1.
- 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.