SEC Form 4 · accession 0001127602-19-000396

Snap-on Inc · SNA

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

Reporting owner

Anup R Banerjee

Officer — Sr VP & Chief Devel. Officer

Period of report

Dec 29, 2018

Accepted (ET)

Jan 2, 2019 · 6:40 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	Dec 29, 2018	M	2,154	—	A	2,947	D
Common Stock	Dec 29, 2018	F	938	$144.25	D	2,009	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,F3	—	Dec 29, 2018	M	2,154	D	—	—	Common Stock	2,154	0	D
Stock Option (Right to Buy)^F4	$144.69	holding	—	—	—	—	Feb 12, 2025	Common Stock	13,500	13,500	D
Stock Option (Right to Buy)^F5	$138.03	holding	—	—	—	Feb 11, 2017	Feb 11, 2026	Common Stock	9,000	9,000	D
Stock Option (Right to Buy)^F5	$168.70	holding	—	—	—	Feb 9, 2018	Feb 9, 2027	Common Stock	28,000	28,000	D
Stock Option (Right to Buy)^F5	$161.18	holding	—	—	—	Feb 15, 2019	Feb 15, 2028	Common Stock	22,489	22,489	D
Restricted Stock Units^F3,F6	—	holding	—	—	—	—	—	Common Stock	711	711	D
Restricted Stock Units^F3,F7	—	holding	—	—	—	—	—	Common Stock	2,610	2,610	D
Performance Units^F3,F8	—	holding	—	—	—	—	—	Common Stock	1,855	1,855	D
Performance Units^F3,F9	—	holding	—	—	—	—	—	Common Stock	1,887	1,887	D
Performance Units^F3,F10	—	holding	—	—	—	—	—	Common Stock	2,611	2,611	D
Deferred Stock Units^F12,F3,F11	—	holding	—	—	—	—	—	Common Stock	7,233	7,233	D

Explanation of responses

F1The restricted stock units were earned based on Company performance during fiscal 2016 and vested in one installment based on continued employment through the end of fiscal 2018.
F10If 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.
F11Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
F12This information is based on a plan statement dated September 30, 2018.
F2Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
F31 for 1.
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 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.
F7The 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.
F8If 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.
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.