Filing Details

Accession Number:
0001127602-17-005578
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-13 18:12:20
Reporting Period:
2017-02-09
Filing Date:
2017-02-13
Accepted Time:
2017-02-13 18:12:20
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
91440 Snap-On Inc SNA Cutlery, Handtools & General Hardware (3420) 390622040
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1433027 M Irwin Shur Snap-On Incorporated
2801 80Th Street
Kenosha WI 53143
Vp, Gen Counsel & Secretary No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-02-09 1,719 $0.00 9,442 No 4 M Direct
Common Stock Disposition 2017-02-09 535 $168.70 8,907 No 4 F Direct
Common Stock Disposition 2017-02-13 250 $171.85 8,657 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Units Acquisiton 2017-02-09 108 $0.00 108 $0.00
Common Stock Performance Units Disposition 2017-02-09 1,719 $0.00 1,719 $0.00
Common Stock Restricted Stock Units Acquisiton 2017-02-09 170 $0.00 170 $0.00
Common Stock Stock Option (Right to Buy) Acquisiton 2017-02-09 14,000 $0.00 14,000 $168.70
Common Stock Performance Units Acquisiton 2017-02-09 1,001 $0.00 1,001 $0.00
Common Stock Restricted Stock Units Acquisiton 2017-02-09 1,001 $0.00 1,001 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,719 No 4 A Direct
0 No 4 M Direct
1,221 No 4 A Direct
14,000 2018-02-09 2027-02-09 No 4 A Direct
1,001 No 4 A Direct
1,001 No 4 A Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Option (Right to Buy) $60.00 2015-02-08 2022-02-08 10,500 10,500 Direct
Common Stock Stock Option (Right to Buy) $79.04 2016-02-13 2023-02-13 14,000 14,000 Direct
Common Stock Stock Option (Right to Buy) $109.43 2015-02-13 2024-02-13 14,000 14,000 Direct
Common Stock Stock Option (Right to Buy) $144.69 2016-02-12 2025-02-12 14,000 14,000 Direct
Common Stock Stock Option (Right to Buy) $138.03 2017-02-11 2026-02-11 14,000 14,000 Direct
Common Stock Restricted Stock Units $0.00 1,768 1,768 Direct
Common Stock Performance Units $0.00 1,285 1,285 Direct
Common Stock Performance Units $0.00 1,051 1,051 Direct
Common Stock Deferred Stock Units $0.00 2,061 2,061 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2022-02-08 10,500 10,500 Direct
2023-02-13 14,000 14,000 Direct
2024-02-13 14,000 14,000 Direct
2025-02-12 14,000 14,000 Direct
2026-02-11 14,000 14,000 Direct
1,768 1,768 Direct
1,285 1,285 Direct
1,051 1,051 Direct
2,061 2,061 Direct
Footnotes
  1. Based on Company performance during the 2014-2016 period, approximately 106.7% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).
  2. Shares were withheld to cover tax withholding upon the vesting of performance units.
  3. This transaction was executed in multiple trades at prices ranging from $171.80 to $171.859. 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.
  4. 1 for 1.
  5. Based on Company performance during fiscal 2016, approximately 116.2% of the restricted stock units originally granted were earned (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number of units originally reported, subject to plan limits). Assuming continued employment through the end of fiscal 2018, the units will then vest in one installment and the shares will be issued shortly thereafter.
  6. Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
  7. This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
  8. If the Company achieves certain goals over the 2017-2019 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.
  9. The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2017. Assuming continued employment through the end of fiscal 2019, 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 number is 200% of the number reported, subject to plan limits.
  10. The 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.
  11. If 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.
  12. If 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.
  13. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.