0001127602-18-007306.txt : 20180220
0001127602-18-007306.hdr.sgml : 20180220
20180220172914
ACCESSION NUMBER: 0001127602-18-007306
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180215
FILED AS OF DATE: 20180220
DATE AS OF CHANGE: 20180220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ward Thomas J
CENTRAL INDEX KEY: 0001320928
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07724
FILM NUMBER: 18625963
MAIL ADDRESS:
STREET 1: 2801 80TH STREET
CITY: KENOSHA
STATE: WI
ZIP: 53141
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SNAP-ON Inc
CENTRAL INDEX KEY: 0000091440
STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420]
IRS NUMBER: 390622040
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1229
BUSINESS ADDRESS:
STREET 1: 2801 80TH STREET
CITY: KENOSHA
STATE: WI
ZIP: 53143
BUSINESS PHONE: 4146565200
MAIL ADDRESS:
STREET 1: 2801 80TH STREET
CITY: KENOSHA
STATE: WI
ZIP: 53143
FORMER COMPANY:
FORMER CONFORMED NAME: SNAP ON INC
DATE OF NAME CHANGE: 19940519
FORMER COMPANY:
FORMER CONFORMED NAME: SNAP ON TOOLS CORP
DATE OF NAME CHANGE: 19920703
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2018-02-15
0000091440
SNAP-ON Inc
SNA
0001320928
Ward Thomas J
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA
WI
53143
1
Sr VP & President - RS&I Group
Common Stock
2018-02-15
4
M
0
4629
A
51840.0032
D
Common Stock
2018-02-15
4
F
0
2051
161.18
D
49789.0032
D
Common Stock
2018-02-20
4
S
0
4743
159.8368
D
45046.0032
D
Common Stock
2018-02-20
4
S
0
1000
160.354
D
44046.0032
D
Performance Units
2018-02-15
4
A
0
409
A
Common Stock
409
4629
D
Performance Units
2018-02-15
4
M
0
4629
D
Common Stock
4629
0
D
Restricted Stock Units
2018-02-15
4
D
0
1989
D
Common Stock
1989
1203
D
Stock Option (Right to Buy)
161.18
2018-02-15
4
A
0
28646
0
A
2019-02-15
2028-02-15
Common Stock
28646
28646
D
Restricted Stock Units
2018-02-15
4
A
0
3325
0
A
Common Stock
3325
3325
D
Performance Units
2018-02-15
4
A
0
3326
0
A
Common Stock
3326
3326
D
Stock Option (Right to Buy)
79.04
2023-02-13
Common Stock
42000
42000
D
Stock Option (Right to Buy)
109.43
2024-02-13
Common Stock
42000
42000
D
Stock Option (Right to Buy)
144.69
2025-02-12
Common Stock
42000
42000
D
Stock Option (Right to Buy)
138.03
2017-02-11
2026-02-11
Common Stock
42000
42000
D
Stock Option (Right to Buy)
168.70
2018-02-09
2027-02-09
Common Stock
42000
42000
D
Restricted Stock Units
Common Stock
3950
3950
D
Performance Units
Common Stock
3400
3400
D
Performance Units
Common Stock
3192
3192
D
Based on Company performance during the 2015-2017 period, approximately 109.7% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).
Shares were withheld to cover tax withholding upon the vesting of performance units.
This transaction was executed in multiple trades at prices ranging from $159.335 to $160.2605. 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.
This transaction was executed in multiple trades at prices ranging from $160.35 to $160.355. 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.
1 for 1.
Based on Company performance during fiscal 2017, approximately 37.7% 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 2019, the units will then vest in one installment and the shares will be issued shortly thereafter.
Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
The 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.
If 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.
Option fully vested.
The 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.
If 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.
If 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.
/s/ Ryan S. Lovitz under Power of Attorney for Thomas J. Ward
2018-02-20