FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SNAP ON INC [ SNA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/16/2006 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 02/16/2006 | M | 4,688 | A | (1) | 4,988 | D | |||
Common Stock | 13,360 | I | By Limited Partnership(2) | |||||||
Common Stock | 506.31(3) | I | 401(k) Plan |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $27.81 | 11/18/2004 | 11/18/2012 | Common Stock | 39,100 | 39,100 | D | ||||||||
Stock Option (Right to Buy) | $25.11 | 01/24/2005 | 01/24/2013 | Common Stock | 40,500 | 40,500 | D | ||||||||
Stock Option (Right to Buy) | $31.52 | 01/23/2006 | 01/23/2014 | Common Stock | 45,000 | 45,000 | D | ||||||||
Stock Option (Right to Buy) | $33.75 | (4) | 02/18/2015 | Common Stock | 40,000 | 40,000 | D | ||||||||
Stock Option (Right to Buy) | $39.35 | 02/16/2006 | A | 42,000 | (5) | 02/16/2016 | Common Stock | 42,000 | (6) | 42,000 | D | ||||
Restricted Stock | (7) | 02/16/2006 | D(8) | 48,000 | (8) | (8) | Common Stock | 48,000 | $0 | 0 | D | ||||
Performance Shares | (1) | 02/16/2006 | M | 25,000 | (1) | (1) | Common Stock | 25,000 | (1) | 0 | D | ||||
Deferred Stock Units | (7) | 02/16/2006 | M | 1,563(1) | (9) | (9) | Common Stock | 1,563 | (1) | 2,165.284 | D | ||||
Restricted Stock | (7) | 02/16/2006 | A | 24,000 | (10) | (10) | Common Stock | 24,000 | $0 | 24,000 | D |
Explanation of Responses: |
1. Each performance share represented the right to receive one share of common stock. Vesting of the units was based on the achievement of certain company initiatives over the 2004-2005 period and 25% of the units vested. |
2. Shares are held by Martin Robin Partners LP. |
3. This information is based on a plan statement dated 2/21/06. |
4. One half of the option vested on 2/18/2006 and the remainder vests on 2/18/2007. |
5. One half of the option vests on 2/16/2007 and the remainder vests on 2/16/2008. |
6. Grant of stock option from the Company. There is not a price for the security. |
7. 1 for 1. |
8. Vesting of the units was based on the achievement of certain company initiatives over the 2003-2005 period. None of these units vested. |
9. Payment will begin within 30 days first beginning after the earliest date specified in advance of the deferral by the reporting person, death, disability, retirement or termination of employment. |
10. The units vest on the achievement of certain company initiatives over the 2006-2008 period. |
Remarks: |
Jason D. Bartel under Power of Attorney for Martin M. Ellen | 02/21/2006 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |