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Snap-on Inc — Director's Dealing 2016
Nov 10, 2016
30335_dirs_2016-11-10_d14875c5-0c38-4aef-bb1c-166d4dcb82e4.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: 2016-11-09
Reporting Person: Johnsen Constance (Vice President and Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-09 | Common Stock | M | 761 | $79.04 | Acquired | 2698 | Direct |
| 2016-11-09 | Common Stock | S | 761 | $161.1673 | Disposed | 1937 | Direct |
| 2016-11-10 | Common Stock | M | 1572 | $79.04 | Acquired | 3509 | Direct |
| 2016-11-10 | Common Stock | S | 1205 | $161.7394 | Disposed | 2304 | Direct |
| 2016-11-10 | Common Stock | S | 367 | $163.10 | Disposed | 1937 | Direct |
| 2016-11-10 | Common Stock | M | 2500 | $109.43 | Acquired | 4437 | Direct |
| 2016-11-10 | Common Stock | S | 2500 | $165.1937 | Disposed | 1937 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-09 | Stock Option (Right to Buy) | $79.04 | M | 761 | Disposed | 2023-02-13 | Common Stock (761) | Direct |
| 2016-11-10 | Stock Option (Right to Buy) | $79.04 | M | 1572 | Disposed | 2023-02-13 | Common Stock (1572) | Direct |
| 2016-11-10 | Stock Option (Right to Buy) | $109.43 | M | 2500 | Disposed | 2024-02-13 | Common Stock (2500) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $144.69 | 2025-02-12 | Common Stock (8000) | 8000 | Direct |
| Stock Option (Right to Buy) | $138.03 | 2026-02-11 | Common Stock (8500) | 8500 | Direct |
| Restricted Stock Units | $ | Common Stock (1138) | 1138 | Direct | |
| Restricted Stock Units | $ | Common Stock (1003) | 1003 | Direct | |
| Restricted Stock Units | $ | Common Stock (618) | 618 | Direct | |
| Performance Units | $ | Common Stock (854) | 854 | Direct | |
| Performance Units | $ | Common Stock (729) | 729 | Direct | |
| Performance Units | $ | Common Stock (618) | 618 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $161.02 to $161.30. 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: This transaction was executed in multiple trades at prices ranging from $161.55 to $162.1482. 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.
F3: This transaction was executed in multiple trades at prices ranging from $163.0078 to $163.45. 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 transaction was executed in multiple trades at prices ranging from $164.81 to $165.53. 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.
F5: Exercise of Rule 16b-3 stock option.
F6: Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F7: 1 for 1.
F8: The restricted stock units were earned based on Company performance during fiscal 2014. Assuming continued employment through the end of fiscal 2016, the units will then vest in one installment and the shares will be issued shortly thereafter.
F9: 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.
F10: The 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.
F11: If 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.
F12: 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.
F13: 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.