Filing Details
- Accession Number:
- 0000091440-10-000066
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-07-28 13:00:00
- Reporting Period:
- 2010-07-28
- Filing Date:
- 2010-07-28
- Accepted Time:
- 2010-07-28 14:54:36
- 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 |
|---|---|---|---|---|---|---|---|
| 1420599 | L. Thomas Kassouf | Snap-On Incorporated 2801 80Th Street Kenosha WI 53143 | Svp & Pres - Tools | 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 | 2010-07-28 | 3,240 | $39.35 | 3,276 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2010-07-28 | 7,500 | $29.69 | 10,776 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-07-28 | 10,740 | $44.89 | 36 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2010-07-28 | 3,240 | $0.00 | 3,240 | $39.35 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2010-07-28 | 7,500 | $0.00 | 7,500 | $29.69 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2008-02-16 | 2016-02-16 | No | 4 | M | Direct |
| 15,000 | 2019-02-11 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 4,536 | Indirect | By 40l(k) Plan |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | $50.22 | 2010-02-15 | 2017-02-15 | 6,480 | 6,480 | Direct |
| Common Stock | Stock Option (Right to Buy) | $54.50 | 2010-04-30 | 2017-04-30 | 6,000 | 6,000 | Direct |
| Common Stock | Stock Option (Right to Buy) | $51.75 | 2018-02-13 | 20,000 | 20,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $41.01 | 2020-02-10 | 25,000 | 25,000 | Direct | |
| Common Stock | Restricted Stock | $0.00 | 6,900 | 6,900 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 3,030 | 3,030 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 6,136 | 6,136 | Direct | ||
| Common Stock | Performance Units | $0.00 | 5,349 | 5,349 | Direct | ||
| Common Stcok | Performance Units | $0.00 | 6,137 | 6,137 | Direct | ||
| Common Stock | Deferred Stock Units | $0.00 | 1,217 | 1,217 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2017-02-15 | 6,480 | 6,480 | Direct |
| 2017-04-30 | 6,000 | 6,000 | Direct |
| 2018-02-13 | 20,000 | 20,000 | Direct |
| 2020-02-10 | 25,000 | 25,000 | Direct |
| 6,900 | 6,900 | Direct | |
| 3,030 | 3,030 | Direct | |
| 6,136 | 6,136 | Direct | |
| 5,349 | 5,349 | Direct | |
| 6,137 | 6,137 | Direct | |
| 1,217 | 1,217 | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $44.64 to $45.08. 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 effected.
- This information is based on a plan statement dated June 30, 2010.
- Exercise of Rule 16b-3 stock option.
- One third of the option vested on each of 2/13/2009 and 2/13/2010, and one third will vest on 2/13/2011.
- One third of the original option (for 7,500 total shares) vested on 2/11/2010, and was exercised on 7/28/2010, and one third vests on each of 2/11/2011 and 2/11/2012.
- One third of the option vests on each of 2/10/2011, 2/10/2012 and 2/10/2013.
- 1 for 1.
- The stock vests on the achievement of certain company initiatives over the 2008-2010 period.
- The restricted stock units were earned based on company performance during 2009. Assuming continued employment on the payment date, which will occur in February 2012, the units will then vest in one installment and the shares will be issued.
- The restricted stock units may be earned based on the achievement of certain company goals during 2010. Assuming continued employment on the payment date, which will occur in February 2013, the units will then vest in one installment and shares will be issued. The grant reported above represents the target number of units that may be earned; the maximum amount is 200% of the number reported.
- If the company achieves certain goals over the 2009-2011 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.
- If the company achieves certain goals over the 2010-2012 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.
- 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.
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