SEC Form 4 · accession 0001127602-18-000281

Snap-on Inc · SNA

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

Reporting owner

Richard K Strege

Officer — Vice President & Controller

Period of report

Dec 30, 2017

Accepted (ET)

Jan 2, 2018 · 8:32 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^F1,F2	Dec 30, 2017	M	15	—	A	1,455	D
Common Stock	Dec 30, 2017	F	15	$174.30	D	1,440	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 Units^F1,F4	—	Dec 30, 2017	M	15	D	—	—	Common Stock	15	566	D
Restricted Stock Units^F1,F4	—	Dec 30, 2017	M	566	D	—	—	Common Stock	566	0	D
Deferred Stock Units^F1,F6,F4,F5	—	Dec 30, 2017	M	566	A	—	—	Common Stock	566	1,763	D
Stock Option (Right to Buy)^F7	$144.69	holding	—	—	—	Feb 12, 2016	Feb 12, 2025	Common Stock	3,067	3,067	D
Stock Option (Right to Buy)^F7	$138.03	holding	—	—	—	Feb 11, 2017	Feb 11, 2026	Common Stock	4,800	4,800	D
Stock Option (Right to Buy)^F7	$168.70	holding	—	—	—	Feb 9, 2018	Feb 9, 2027	Common Stock	5,000	5,000	D
Restricted Stock Units^F4,F8	—	holding	—	—	—	—	—	Common Stock	413	413	D
Restricted Stock Units^F4,F9	—	holding	—	—	—	—	—	Common Stock	348	348	D
Performance Units^F4,F10	—	holding	—	—	—	—	—	Common Stock	422	422	D
Performance Units^F4,F11	—	holding	—	—	—	—	—	Common Stock	356	356	D
Performance Units^F4,F12	—	holding	—	—	—	—	—	Common Stock	348	348	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; the reporting person elected to defer the receipt of a portion of the underlying shares.
F10If 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.
F11If 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.
F12If 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 3.5593 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.
F5Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
F6This information is based on a plan statement dated September 30, 2017, as updated by the transaction being reported.
F7Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F8The 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.
F9The 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.