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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $ 50.22 | 04/24/2008 | M | 200,000 | 02/15/2008 | 02/15/2017 | Common Stock | 200,000 | (6) | 0 | D | ||||
Deferred Stock Units | (2) | (3) | (3) | Common Stock | 13,684.225 | 13,684.225 | D | ||||||||
Restricted Stock | (2) | (4) | (4) | Common Stock | 60,000 | 60,000 | D | ||||||||
Restricted Stock | (2) | (5) | (5) | Common Stock | 46,700 | 46,700 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MICHAELS JACK D SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA, WI 53143 |
X |
Kenneth V. Hallett under Power of Attorney for Jack D. Michaels | 04/25/2008 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares reported are held by Jack D. Michaels Revocable Trust for which the reporting person is the trustee and beneficiary. |
(2) | 1 for 1. |
(3) | Scheduled for issuance in one lump sum payment after the earliest of August 30, 2012, or on death or retirement from the Board. |
(4) | The stock vests on the achievement of certain company initiatives over the 2006-2008 period. |
(5) | The stock vests on the achievement of certain company initiatives over the 2007-2009 period. |
(6) | Exercise of Rule 16b-3 stock option. |
Remarks: This transaction was executed by the reporting person pursuant to an approved Rule 10b5-1 plan. |