SEC Form 4 · accession 0001127602-19-006904

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 14, 2019

Accepted (ET)

Feb 19, 2019 · 5:08 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	holding	—	—		—	705	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^F3,F2	—	Feb 14, 2019	D	74	D	—	—	Common Stock	74	263	D
Stock Option (Right to Buy)^F5,F4	$155.92	Feb 14, 2019	A	3,600	A	Feb 14, 2020	Feb 14, 2029	Common Stock	3,600	3,600	D
Restricted Stock Units^F2,F6	—	Feb 14, 2019	A	448	A	—	—	Common Stock	448	448	D
Performance Units^F2,F7	—	Feb 14, 2019	A	448	A	—	—	Common Stock	448	448	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)^F8	$138.03	holding	—	—	—	—	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
Stock Option (Right to Buy)^F4	$161.18	holding	—	—	—	Feb 15, 2019	Feb 15, 2028	Common Stock	2,906	2,906	D
Restricted Stock Units^F2,F9	—	holding	—	—	—	—	—	Common Stock	55	55	D
Performance Units^F2,F10	—	holding	—	—	—	—	—	Common Stock	145	145	D
Performance Units^F2,F11	—	holding	—	—	—	—	—	Common Stock	338	338	D

Explanation of responses

F1Includes a total of 32.2868 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and a dividend reinvestment plan.
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.
F21 for 1.
F3Based on Company performance during fiscal 2018, approximately 78.1% 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 2020, 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 2019. Assuming continued employment through the end of fiscal 2021, 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 2019-2021 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.
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.