0001127602-16-062284.txt : 20160908 0001127602-16-062284.hdr.sgml : 20160908 20160908182952 ACCESSION NUMBER: 0001127602-16-062284 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160907 FILED AS OF DATE: 20160908 DATE AS OF CHANGE: 20160908 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SNAP-ON Inc CENTRAL INDEX KEY: 0000091440 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 390622040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 BUSINESS ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53143 BUSINESS PHONE: 4146565200 MAIL ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53143 FORMER COMPANY: FORMER CONFORMED NAME: SNAP ON INC DATE OF NAME CHANGE: 19940519 FORMER COMPANY: FORMER CONFORMED NAME: SNAP ON TOOLS CORP DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ward Thomas J CENTRAL INDEX KEY: 0001320928 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 161877410 MAIL ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53141 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2016-09-07 0000091440 SNAP-ON Inc SNA 0001320928 Ward Thomas J SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 Sr VP & President - RS&I Group Common Stock 2016-09-07 4 M 0 4539 58.94 A 41958.8727 D Common Stock 2016-09-07 4 S 0 4539 152.1175 D 37419.8727 D Common Stock 2016-09-08 4 M 0 37461 58.94 A 74880.8727 D Common Stock 2016-09-08 4 S 0 29248 151.4258 D 45632.8727 D Common Stock 2016-09-08 4 S 0 8213 151.9458 D 37419.8727 D Stock Option (Right to Buy) 58.94 2016-09-07 4 M 0 4539 D 2014-02-09 2021-02-09 Common Stock 4539 37461 D Stock Option (Right to Buy) 58.94 2016-09-08 4 M 0 37461 D 2014-02-09 2021-02-09 Common Stock 37461 0 D Stock Option (Right to Buy) 60.00 2015-02-08 2022-02-08 Common Stock 42000 42000 D Stock Option (Right to Buy) 79.04 2016-02-13 2023-02-13 Common Stock 42000 42000 D Stock Option (Right to Buy) 109.43 2015-02-13 2024-02-13 Common Stock 42000 42000 D Stock Option (Right to Buy) 144.69 2016-02-12 2025-02-12 Common Stock 42000 42000 D Stock Option (Right to Buy) 138.03 2017-02-11 2026-02-11 Common Stock 42000 42000 D Restricted Stock Units Common Stock 7157 7157 D Restricted Stock Units Common Stock 5805 5805 D Restricted Stock Units Common Stock 3399 3399 D Performance Units Common Stock 5370 5370 D Performance Units Common Stock 4220 4220 D Performance Units Common Stock 3400 3400 D Includes .0386 shares acquired under a dividend reinvestment plan. This transaction was executed in multiple trades at prices ranging from $152.00 to $152.37. 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. This transaction was executed in multiple trades at prices ranging from $150.73 to $151.72. 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. This transaction was executed in multiple trades at prices ranging from $151.73 to $152.27. 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. Exercise of Rule 16b-3 stock option. Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. 1 for 1. 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. 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. 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. 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. 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. 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. /s/ Ryan S. Lovitz under Power of Attorney for Thomas J. Ward 2016-09-08 EX-24 2 doc1.txt POWER OF ATTORNEY (PUBLIC): TOM WARD POA POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints each of Irwin M. Shur, Kenneth V. Hallett, Ryan S. Lovitz and Ryan P. Morrison, signing singly, and with full power of substitution, as the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of Snap-on Incorporated (the Company), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder, and any other forms or reports the undersigned may be required to file in connection with the undersigned's ownership, acquisition, or disposition of securities of the Company; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, or other form or report, complete and execute any amendment or amendments thereto, and timely file such form or report with the SEC and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. This Power of Attorney revokes any previous Power of Attorney filed with the Company for the purposes set forth herein and shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless expressly revoked before that time. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 8th day of November 2010. /s/ Thomas J. Ward Thomas J. Ward