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Snap-on Inc — Director's Dealing 2007
Feb 21, 2007
30335_dirs_2007-02-21_f95a0e0d-545d-4bd7-b019-66feea0e2261.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SNAP ON INC (SNA)
CIK: 0000091440
Period of Report: 2007-02-15
Reporting Person: MICHAELS JACK D (Director, Chairman, President & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-02-15 | Stock Option (Right to Buy) | $50.22 | A | 200000 | Acquired | 2017-02-15 | Common Stock (200000) | Direct |
| 2007-02-15 | Restricted Stock | $ | A | 46700 | Acquired | Common Stock (46700) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $31.938 | 2009-04-23 | Common Stock (3000) | 3000 | Direct |
| Stock Option (Right to Buy) | $26.4375 | 2010-04-28 | Common Stock (3000) | 3000 | Direct |
| Stock Option (Right to Buy) | $29.36 | 2011-04-27 | Common Stock (3000) | 3000 | Direct |
| Stock Option (Right to Buy) | $32.08 | 2012-04-25 | Common Stock (3000) | 3000 | Direct |
| Stock Option (Right to Buy) | $28.43 | 2013-04-24 | Common Stock (3000) | 3000 | Direct |
| Stock Option (Right to Buy) | $33.55 | 2014-04-23 | Common Stock (3000) | 3000 | Direct |
| Stock Option (Right to Buy) | $32.53 | 2014-12-03 | Common Stock (200000) | 200000 | Direct |
| Stock Option (Right to Buy) | $39.35 | 2016-02-16 | Common Stock (110000) | 110000 | Direct |
| Deferred Stock Unit | $0 | Common Stock (13302.33) | 13302.33 | Direct | |
| Restricted Stock | $ | Common Stock (60000) | 60000 | Direct |
Footnotes
F1: Option would vest on February 15, 2008, or earlier if he retires as an executive offcer before then.
F2: The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F3: 1 for 1.
F4: Scheduled for issuance in one lump sum payment after the earliest of August 30, 2012, or on death or retirement from the Board.
F5: The stock vests on the achievement of certain company initiatives over the 2006-2008 period.
F6: The stock vests on the achievement of certain company initiatives over the 2007-2009 period.
F7: One half of the option vested on February 16, 2007 and the remainder vests on February 16, 2008.