SEC Form 4 · accession 0001127602-19-000409
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
Dec 29, 2018
Accepted (ET)
Jan 2, 2019 · 6:51 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 | Aug 24, 2018 | G | 12,000 | — | D | 16,394 | D | |
| Common StockF2 | Dec 29, 2018 | M | 3,322 | — | A | 19,716 | D | |
| Common Stock | Dec 29, 2018 | F | 1,059 | $144.25 | D | 18,657 | D | |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F4 | — | Dec 29, 2018 | M | 3,322 | D | — | — | Common Stock | 3,322 | 0 | D |
| Stock Option (Right to Buy)F5 | $109.43 | holding | — | — | — | — | Feb 13, 2024 | Common Stock | 36,000 | 36,000 | D |
| Stock Option (Right to Buy)F5 | $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 UnitsF4,F7 | — | holding | — | — | — | — | — | Common Stock | 1,039 | 1,039 | D |
| Restricted Stock UnitsF4,F8 | — | holding | — | — | — | — | — | Common Stock | 3,050 | 3,050 | D |
| Performance UnitsF4,F9 | — | holding | — | — | — | — | — | Common Stock | 2,859 | 2,859 | D |
| Performance UnitsF4,F10 | — | holding | — | — | — | — | — | Common Stock | 2,757 | 2,757 | D |
| Performance UnitsF4,F11 | — | holding | — | — | — | — | — | Common Stock | 3,051 | 3,051 | D |
| Deferred Stock UnitsF13,F4,F12 | — | holding | — | — | — | — | — | Common Stock | 2,601 | 2,601 | D |
Explanation of responses
- F1Bona fide gift. As a result of the gift of shares to a charitable foundation, the Reporting Person and his spouse no longer have a pecuniary interest in these shares.
- F10If 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.
- F11If 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.
- F12Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
- F13This information is based on a plan statement dated September 30, 2018.
- F2The 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.
- F3Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
- F41 for 1.
- F5Option fully vested.
- F6Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F7The 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.
- F8The 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.
- F9If 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.