SEC Form 4 · accession 0001127602-18-008794
Snap-on Inc · SNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L. Kassouf
Officer — Sr VP & Pres - Tools
Period of report
Feb 26, 2018
Accepted (ET)
Feb 27, 2018 · 6:02 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 | Feb 26, 2018 | M | 28,000 | $58.94 | A | 56,394 | D | |
| Common Stock | Feb 26, 2018 | M | 33,000 | $60.00 | A | 89,394 | D | |
| Common Stock | Feb 26, 2018 | M | 35,000 | $79.04 | A | 124,394 | D | |
| Common StockF1 | Feb 26, 2018 | S | 93,284 | $160.3827 | D | 31,110 | D | |
| Common StockF2 | Feb 26, 2018 | S | 2,716 | $161.0384 | D | 28,394 | D | |
| Common StockF3 | Feb 26, 2018 | I | 8,464 | $160.16 | D | 0 | I | By 401(k) |
| Common Stock | holding | — | — | — | 12,800 | I | By Family LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F5,F4 | $58.94 | Feb 26, 2018 | M | 28,000 | D | — | Feb 9, 2021 | Common Stock | 28,000 | 0 | D |
| Stock Option (Right to Buy)F5,F4 | $60.00 | Feb 26, 2018 | M | 33,000 | D | — | Feb 8, 2022 | Common Stock | 33,000 | 0 | D |
| Stock Option (Right to Buy)F5,F4 | $79.04 | Feb 26, 2018 | M | 35,000 | D | — | Feb 13, 2023 | Common Stock | 35,000 | 0 | D |
| Stock Option (Right to Buy)F4 | $109.43 | holding | — | — | — | — | Feb 13, 2024 | Common Stock | 36,000 | 36,000 | D |
| Stock Option (Right to Buy)F4 | $144.69 | holding | — | — | — | — | Feb 12, 2025 | Common Stock | 37,000 | 37,000 | D |
| Stock Option (Right to Buy)F6 | $138.03 | holding | — | — | — | Feb 11, 2017 | Feb 11, 2026 | Common Stock | 38,000 | 38,000 | D |
| Stock Option (Right to Buy)F6 | $168.70 | holding | — | — | — | Feb 9, 2018 | Feb 9, 2027 | Common Stock | 39,000 | 39,000 | D |
| Stock Option (Right to Buy)F6 | $161.18 | holding | — | — | — | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 26,277 | 26,277 | D |
| Restricted Stock UnitsF7,F8 | — | holding | — | — | — | — | — | Common Stock | 3,322 | 3,322 | D |
| Restricted Stock UnitsF7,F9 | — | holding | — | — | — | — | — | Common Stock | 1,039 | 1,039 | D |
| Restricted Stock UnitsF7,F10 | — | holding | — | — | — | — | — | Common Stock | 3,050 | 3,050 | D |
| Performance UnitsF7,F11 | — | holding | — | — | — | — | — | Common Stock | 2,859 | 2,859 | D |
| Performance UnitsF7,F12 | — | holding | — | — | — | — | — | Common Stock | 2,757 | 2,757 | D |
| Performance UnitsF7,F13 | — | holding | — | — | — | — | — | Common Stock | 3,051 | 3,051 | D |
| Deferred Stock UnitsF7,F14 | — | holding | — | — | — | — | — | Common Stock | 2,562 | 2,562 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $160.00 to $160.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- F10The 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.
- 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.
- F13If 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.
- F14Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
- F2This transaction was executed in multiple trades at prices ranging from $161.00 to $161.09. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- F3This information is based on the plan balance as of the date of the transaction.
- F4Option fully vested.
- F5Exercise of Rule 16b-3 stock option.
- F6Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F71 for 1.
- 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 were earned based on Company performance during fiscal 2017. 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.