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Snap-on Inc — Director's Dealing 2013
May 22, 2013
30335_dirs_2013-05-22_9b313fdd-05be-4992-b4f6-facd10f2d20b.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: 2013-05-21
Reporting Person: Boyd Iain (VP - Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-21 | Common Stock | S | 6354 | $91.5017 | Disposed | 1028.5584 | Direct |
| 2013-05-21 | Common Stock | S | 614.3772 | $91.5447 | Disposed | 414.1812 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 551.8902 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $50.22 | 2017-02-15 | Common Stock (5400) | 5400 | Direct |
| Stock Option (Right to Buy) | $51.75 | 2018-02-13 | Common Stock (6480) | 6480 | Direct |
| Stock Option (Right to Buy) | $29.69 | 2019-02-11 | Common Stock (2160) | 2160 | Direct |
| Stock Option (Right to Buy) | $41.01 | 2020-02-10 | Common Stock (6500) | 6500 | Direct |
| Stock Option (Right to Buy) | $58.94 | 2021-02-09 | Common Stock (10000) | 10000 | Direct |
| Stock Option (Right to Buy) | $60.00 | 2022-02-08 | Common Stock (12000) | 12000 | Direct |
| Stock Option (Right to Buy) | $79.04 | 2023-02-13 | Common Stock (13000) | 13000 | Direct |
| Restricted Stock Units | $ | Common Stock (3851) | 3851 | Direct | |
| Restricted Stock Units | $ | Common Stock (2574) | 2574 | Direct | |
| Restricted Stock Units | $ | Common Stock (2103) | 2103 | Direct | |
| Performance Units | $ | Common Stock (2411) | 2411 | Direct | |
| Performance Units | $ | Common Stock (2929) | 2929 | Direct | |
| Performance Units | $ | Common Stock (2104) | 2104 | Direct | |
| Deferred Stock Units | $ | Common Stock (308.3493) | 308.3493 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $91.16 to $91.88. 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.
F2: Includes shares acquired under the Snap-on Incorporated Employee Stock Owership Plan and a dividend reinvestment and direct stock purchase plan.
F3: This transaction was executed in multiple trades at prices ranging from $91.52 to $91.56. 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.
F4: This information is based on a plan statement dated March 31, 2013.
F5: Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F6: 1 for 1.
F7: The restricted stock units were earned based on company performance during fiscal 2011. Assuming continued employment through the end of fiscal 2013, the units will then vest in one installment and the shares will be issued shortly thereafter.
F8: The restricted stock units were earned based on company performance during fiscal 2012. Assuming continued employment through the end of fiscal 2014, the units will then vest in one installment and the shares will be issued shortly thereafter.
F9: The restricted stock units may be earned based on the achievement of certain company goals during fiscal 2013. Assuming continued employment through the end of fiscal 2015, 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.
F10: If the company achieves certain goals over the 2011-2013 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.
F11: If the company achieves certain goals over the 2012-2014 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.
F12: If the company achieves certain goals over the 2013-2015 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.
F13: Payment will begin within 30 days first beginning after the earliest of the date specified in advance of the deferral by the reporting person, death, disability, retirement or termination of employment.