SEC Form 4 · accession 0001127602-17-033306

Snap-on Inc · SNA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Irwin M Shur

Officer — VP, Gen Counsel & Secretary

Period of report

Nov 22, 2017

Accepted (ET)

Nov 27, 2017 · 5:05 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000091440

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	holding	—	—		—	8,582	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Deferred Stock Units^F1,F2,F3	—	Nov 22, 2017	I	2,100	D	—	—	Common Stock	2,100	0	D
Stock Option (Right to Buy)^F4	$79.04	holding	—	—	—	—	Feb 13, 2023	Common Stock	14,000	14,000	D
Stock Option (Right to Buy)^F4	$109.43	holding	—	—	—	—	Feb 13, 2024	Common Stock	14,000	14,000	D
Stock Option (Right to Buy)^F5	$144.69	holding	—	—	—	Feb 12, 2016	Feb 12, 2025	Common Stock	14,000	14,000	D
Stock Option (Right to Buy)^F5	$138.03	holding	—	—	—	Feb 11, 2017	Feb 11, 2026	Common Stock	14,000	14,000	D
Stock Option (Right to Buy)^F5	$168.70	holding	—	—	—	Feb 9, 2018	Feb 9, 2027	Common Stock	14,000	14,000	D
Restricted Stock Units^F1,F6	—	holding	—	—	—	—	—	Common Stock	1,768	1,768	D
Restricted Stock Units^F1,F7	—	holding	—	—	—	—	—	Common Stock	1,221	1,221	D
Restricted Stock Units^F1,F8	—	holding	—	—	—	—	—	Common Stock	1,001	1,001	D
Performance Units^F1,F9	—	holding	—	—	—	—	—	Common Stock	1,285	1,285	D
Performance Units^F1,F10	—	holding	—	—	—	—	—	Common Stock	1,051	1,051	D
Performance Units^F1,F11	—	holding	—	—	—	—	—	Common Stock	1,001	1,001	D

Explanation of responses

F11 for 1.
F10If 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.
F11If the Company achieves certain goals over the 2017-2019 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.
F2Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
F3This information is based on the plan balance as of the date of the transaction plus shares receivable pursuant to an intervening dividend.
F4Option fully vested.
F5Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F6The 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.
F7The restricted stock units were earned based on Company performance during fiscal 2016. Assuming continued employment through the end of fiscal 2018, the units will then vest in one installment and the shares will be issued shortly thereafter.
F8The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2017. Assuming continued employment through the end of fiscal 2019, 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 number is 200% of the number reported, subject to plan limits.
F9If 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.