SEC Form 4 · accession 0001127602-19-000405
Snap-on Inc · SNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas T Pinchuk
Officer — Chairman, President and CEO · Director
Period of report
Dec 29, 2018
Accepted (ET)
Jan 2, 2019 · 6:48 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 | Dec 29, 2018 | M | 11,851 | — | A | 451,751 | D | |
| Common Stock | Dec 29, 2018 | F | 5,088 | $144.25 | D | 446,663 | D | |
| Common Stock | holding | — | — | — | 728 | I | By 401(k) Plan |
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,F3 | — | Dec 29, 2018 | M | 11,851 | D | — | — | Common Stock | 11,851 | 0 | D |
| Stock Option (Right to Buy)F4 | $41.01 | holding | — | — | — | — | Feb 10, 2020 | Common Stock | 120,000 | 120,000 | D |
| Stock Option (Right to Buy)F4 | $58.94 | holding | — | — | — | — | Feb 9, 2021 | Common Stock | 125,000 | 125,000 | D |
| Stock Option (Right to Buy)F4 | $60.00 | holding | — | — | — | — | Feb 8, 2022 | Common Stock | 125,000 | 125,000 | D |
| Stock Option (Right to Buy)F4 | $79.04 | holding | — | — | — | — | Feb 13, 2023 | Common Stock | 130,000 | 130,000 | D |
| Stock Option (Right to Buy)F4 | $109.43 | holding | — | — | — | — | Feb 13, 2024 | Common Stock | 130,000 | 130,000 | D |
| Stock Option (Right to Buy)F4 | $144.69 | holding | — | — | — | — | Feb 12, 2025 | Common Stock | 130,000 | 130,000 | D |
| Stock Option (Right to Buy)F5 | $138.03 | holding | — | — | — | Feb 11, 2017 | Feb 11, 2026 | Common Stock | 135,000 | 135,000 | D |
| Stock Option (Right to Buy)F5 | $168.70 | holding | — | — | — | Feb 9, 2018 | Feb 9, 2027 | Common Stock | 135,000 | 135,000 | D |
| Stock Option (Right to Buy)F5 | $161.18 | holding | — | — | — | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 92,288 | 92,288 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | — | — | Common Stock | 3,610 | 3,610 | D |
| Restricted Stock UnitsF3,F7 | — | holding | — | — | — | — | — | Common Stock | 10,713 | 10,713 | D |
| Performance UnitsF3,F8 | — | holding | — | — | — | — | — | Common Stock | 10,199 | 10,199 | D |
| Performance UnitsF3,F9 | — | holding | — | — | — | — | — | Common Stock | 9,577 | 9,577 | D |
| Performance UnitsF3,F10 | — | holding | — | — | — | — | — | Common Stock | 10,714 | 10,714 | D |
| Deferred Stock UnitsF3,F11 | — | holding | — | — | — | — | — | Common Stock | 21,760 | 21,760 | 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.
- 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.