SEC Form 4 · accession 0001127602-18-007296
Snap-on Inc · SNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
June C Lemerand
Officer — VP & Chief Information Officer
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 5:16 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 | holding | — | — | — | 672 | 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 UnitsF3,F2 | — | Feb 15, 2018 | D | 90 | D | — | — | Common Stock | 90 | 55 | D |
| Stock Option (Right to Buy)F5,F4 | $161.18 | Feb 15, 2018 | A | 2,906 | A | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 2,906 | 2,906 | D |
| Restricted Stock UnitsF2,F6 | — | Feb 15, 2018 | A | 337 | A | — | — | Common Stock | 337 | 337 | D |
| Performance UnitsF2,F7 | — | Feb 15, 2018 | A | 338 | A | — | — | Common Stock | 338 | 338 | D |
| Stock Option (Right to Buy)F8 | $144.69 | holding | — | — | — | — | Feb 12, 2025 | Common Stock | 1,620 | 1,620 | D |
| Stock Option (Right to Buy)F4 | $138.03 | holding | — | — | — | Feb 11, 2017 | Feb 11, 2026 | Common Stock | 1,620 | 1,620 | D |
| Stock Option (Right to Buy)F4 | $168.70 | holding | — | — | — | Feb 9, 2018 | Feb 9, 2027 | Common Stock | 2,200 | 2,200 | D |
| Performance UnitsF2,F9 | — | holding | — | — | — | — | — | Common Stock | 145 | 145 | D |
Explanation of responses
- F1Includes 9.4122 shares acquired under a dividend reinvestment plan.
- F21 for 1.
- F3Based on Company performance during fiscal 2017, approximately 37.7% of the restricted stock units originally granted were earned (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number of units originally reported, subject to plan limits). Assuming continued employment through the end of fiscal 2019, the units will then vest in one installment and the shares will be issued shortly thereafter.
- F4Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F5This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
- F6The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2018. Assuming continued employment through the end of fiscal 2020, 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.
- F7If the Company achieves certain goals over the 2018-2020 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.
- F8Option fully vested.
- F9If 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.