-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CoBDj3I2dFhpyV0HjCKRPPudXiB2+6LMkXUdwO2k/SYi9cmOjxcNZa7+NkahzHaS XUlY5r2Sy4XG1JFCRB3hDA== 0000891836-02-000174.txt : 20020416 0000891836-02-000174.hdr.sgml : 20020416 ACCESSION NUMBER: 0000891836-02-000174 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020412 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SNAP ON INC CENTRAL INDEX KEY: 0000091440 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 390622040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33180 FILM NUMBER: 02609671 BUSINESS ADDRESS: STREET 1: 10801 CORPORATE DRIVE CITY: KENOSHA STATE: WI ZIP: 53141-1430 BUSINESS PHONE: 4146565200 MAIL ADDRESS: STREET 1: 10801 CORPORATE DRIVE CITY: KENOSHA STATE: WI ZIP: 53141 FORMER COMPANY: FORMER CONFORMED NAME: SNAP ON TOOLS CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST MANHATTAN CO CENTRAL INDEX KEY: 0000728083 IRS NUMBER: 131957714 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 437 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127563300 MAIL ADDRESS: STREET 1: 437 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 sc0098.htm AMENDMENT NO. 4 Amendment No. 4

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
*

Snap-on Incorporated
(Name of Issuer)

Common Stock, $1 Par Value
(Title of Class of Securities)

83303410
(CUSIP Number)

Neal K. Stearns, Esq.
First Manhattan Co.
437 Madison Avenue
New York, New York 10022
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)


April 8, 2002
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box  [_].

Note:     Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Page 1 of 5 Pages


SCHEDULE 13D

CUSIP No.  8330410
Page   2    of   5   Pages



1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
First Manhattan Co.    13-1957714
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)  [   ]
(b)  [   ]
3 SEC USE ONLY
  
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF, OO
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [   ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7 SOLE VOTING POWER
151,000
8 SHARED VOTING POWER
2,789,376
9 SOLE DISPOSITIVE POWER
151,000
10 SHARED DISPOSITIVE POWER
2,964,842
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,115,842
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [   ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
BD, IA, PN

Page 2 of 5 Pages

             First Manhattan Co. (“FMC”) hereby amends and supplements its statement on Schedule 13D with respect to the common stock, $1 par value (the “Common Stock”), of Snap-on Incorporated, a Delaware corporation (the “Issuer”). Except as amended and supplemented hereby, the information in the original Schedule 13D, as amended, remains in full force and effect.

ITEM 5. Interest in Securities of the Issuer.

             As of April 9, 2002, FMC beneficially owned an aggregate of 3,115,842 shares of Common Stock of the Issuer, or 4.9% of the 64,023,505 shares of Common Stock of the Issuer that were outstanding as of February 25, 2002. FMC ceased to be the beneficial owner of more than 5% of the Common Stock of the Issuer on April 8, 2002. Such 3,115,842 shares beneficially owned by FMC include 253,950 shares owned by general partners of FMC, as to which FMC had sole voting power and sole dispositive power with respect to 92,200 shares, shared voting power with respect to 99,650 shares and shared dispositive power with respect to 161,750 shares, and 2,861,892 shares owned by customers of FMC for whom FMC was authorized to vote or to exercise investment discretion, as to which FMC had sole voting power and sole dispositive power with respect to 58,800 shares, shared voting power with respect to 2,689,726 shares and shared dispositive power with respect to 2,803,092 shares. The general partners and customers of FMC that owned such shares had shared voting power and shared dispositive power with respect to the shares owned by them and the sole right to receive dividends and the proceeds of sale of such shares. None of such general partners or customers had shared voting power or shared dispositive power with respect to 5% or more of the outstanding shares of the class.

             The number of shares of Common Stock outstanding as of February 25, 2002 includes 58,037,218 shares which the Issuer reported as outstanding as of that date on the cover page of its Form 10-K report for the fiscal year ended December 29, 2001 and 5,986,287 shares which were owned by a Grantor Stock Trust at December 31, 2001, according to a statement on Schedule 13G filed by the Trust on February 14, 2002. Although the Issuer did not include such 5,986,287 shares as outstanding for purposes of the cover page of the Form 10-K report, the Issuer claims that such shares are entitled to be voted at stockholders' meetings and may be sold by the Trustee of the Grantor Stock Trust under certain circumstances, and accordingly FMC believes that such shares should be considered outstanding for purposes of calculating the percentage of the class of securities with respect to which FMC has voting power or dispositive power.

             Set forth on Schedule I hereto are transactions effected by FMC during the sixty days preceding the filing of this statement in Common Stock of the Issuer with respect to which FMC may be deemed to be or to have been a beneficial owner for purposes of Section 13(d) of the Securities Exchange Act of 1934.

Page 3 of 5 Pages

Signature

              After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

April 12, 2002
   /s/ Neal K. Stearns   
  
 
   Neal K. Stearns
General Partner
First Manhattan Co.
  

Page 4 of 5 Pages

Schedule I


Date of Transaction

02/11/2002
02/11/2002
02/22/2002
02/25/2002
02/28/2002
03/01/2002
03/04/2002
03/04/2002
03/05/2002
03/06/2002
03/06/2002
03/07/2002
03/12/2002
03/18/2002
03/19/2002
03/20/2002
03/21/2002
03/27/2002
03/27/2002
03/28/2002
03/28/2002
04/01/2002
04/03/2002
04/04/2002
04/05/2002
04/05/2002
04/08/2002
04/08/2002
04/09/2002
Purchase or Sale

Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Sale
Number of Shares

400   
30,000   
15,000   
300   
2,700   
12,300   
4,920   
8,300   
138,350   
38,300   
20,000   
7,000   
9,350   
50,000   
35,000   
65,000   
1,500   
1,200   
25,000   
300   
7,000   
1,500   
1,000   
3,950   
1,400   
13,600   
32,600   
3,000   
77,000   
Price per Share

$31.70
$31.20
$32.87
$33.55
$34.22
$34.29
$34.82
$34.73
$34.50
$34.21
$34.32
$34.25
$34.30
$34.56
$34.51
$34.50
$33.44
$32.98
$33.23
$33.80
$33.56
$34.02
$33.18
$33.40
$33.90
$34.00
$34.00
$33.98
$34.00

Page 5 of 5 Pages

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