SEC Form 4 · accession 0001127602-18-000271
Snap-on Inc · SNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Ward
Officer — Sr VP & President - RS&I Group
Period of report
Dec 30, 2017
Accepted (ET)
Jan 2, 2018 · 8:15 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 StockF1,F2 | Dec 30, 2017 | M | 5,805 | — | A | 49,851 | D | |
| Common Stock | Dec 30, 2017 | F | 2,640 | $174.30 | D | 47,211 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4 | — | Dec 30, 2017 | M | 5,805 | D | — | — | Common Stock | 5,805 | 0 | D |
| Stock Option (Right to Buy)F5 | $79.04 | holding | — | — | — | — | Feb 13, 2023 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (Right to Buy)F5 | $109.43 | holding | — | — | — | — | Feb 13, 2024 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (Right to Buy)F6 | $144.69 | holding | — | — | — | Feb 12, 2016 | Feb 12, 2025 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (Right to Buy)F6 | $138.03 | holding | — | — | — | Feb 11, 2017 | Feb 11, 2026 | Common Stock | 42,000 | 42,000 | D |
| Stock Option (Right to Buy)F6 | $168.70 | holding | — | — | — | Feb 9, 2018 | Feb 9, 2027 | Common Stock | 42,000 | 42,000 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Common Stock | 3,950 | 3,950 | D |
| Restricted Stock UnitsF4,F8 | — | holding | — | — | — | — | — | Common Stock | 3,192 | 3,192 | D |
| Performance UnitsF4,F9 | — | holding | — | — | — | — | — | Common Stock | 4,220 | 4,220 | D |
| Performance UnitsF4,F10 | — | holding | — | — | — | — | — | Common Stock | 3,400 | 3,400 | D |
| Performance UnitsF4,F11 | — | holding | — | — | — | — | — | Common Stock | 3,192 | 3,192 | D |
Explanation of responses
- F1The restricted stock units were earned based on Company performance during fiscal 2015 and vested in one installment based on continued employment through the end of fiscal 2017.
- 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.
- F2Includes 0.0237 shares acquired under a dividend reinvestment plan.
- F3Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
- F41 for 1.
- F5Option fully vested.
- F6Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- 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.