0001127602-18-025000.txt : 20180808
0001127602-18-025000.hdr.sgml : 20180808
20180808165845
ACCESSION NUMBER: 0001127602-18-025000
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180807
FILED AS OF DATE: 20180808
DATE AS OF CHANGE: 20180808
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PINCHUK NICHOLAS T
CENTRAL INDEX KEY: 0001246136
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07724
FILM NUMBER: 181002186
MAIL ADDRESS:
STREET 1: 280180TH STREET
CITY: KENOSHA
STATE: WI
ZIP: 53143
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: 1231
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
2018-08-07
0000091440
SNAP-ON Inc
SNA
0001246136
PINCHUK NICHOLAS T
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA
WI
53143
1
1
Chairman, President and CEO
Common Stock
2018-08-07
4
M
0
40000
29.69
A
443954.7416
D
Common Stock
2018-08-07
4
S
0
3400
168.7682
D
440554.7416
D
Common Stock
2018-08-07
4
S
0
16421
169.9341
D
424133.7416
D
Common Stock
2018-08-07
4
S
0
1803
170.3514
D
422330.7416
D
Common Stock
726.9053
I
By 401(k) Plan
Stock Option (Right to Buy)
29.69
2018-08-07
4
M
0
40000
D
2019-02-11
Common Stock
40000
40000
D
Stock Option (Right to Buy)
41.01
2020-02-10
Common Stock
120000
120000
D
Stock Option (Right to Buy)
58.94
2021-02-09
Common Stock
125000
125000
D
Stock Option (Right to Buy)
60.00
2022-02-08
Common Stock
125000
125000
D
Stock Option (Right to Buy)
79.04
2023-02-13
Common Stock
130000
130000
D
Stock Option (Right to Buy)
109.43
2024-02-13
Common Stock
130000
130000
D
Stock Option (Right to Buy)
144.69
2025-02-12
Common Stock
130000
130000
D
Stock Option (Right to Buy)
138.03
2017-02-11
2026-02-11
Common Stock
135000
135000
D
Stock Option (Right to Buy)
168.70
2018-02-09
2027-02-09
Common Stock
135000
135000
D
Stock Option (Right to Buy)
161.18
2019-02-15
2028-02-15
Common Stock
92288
92288
D
Restricted Stock Units
Common Stock
11851
11851
D
Restricted Stock Units
Common Stock
3610
3610
D
Restricted Stock Units
Common Stock
10713
10713
D
Performance Units
Common Stock
10199
10199
D
Performance Units
Common Stock
9577
9577
D
Performance Units
Common Stock
10714
10714
D
Deferred Stock Units
Common Stock
21663.3883
21663.3883
D
The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan.
This transaction was executed in multiple trades at prices ranging from $168.20 to $169.16. 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 $169.23 to $170.22. 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 $170.23 to $170.65. 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 information is based on a plan statement dated June 30, 2018.
Option fully vested.
Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.
Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
1 for 1.
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.
The 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.
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 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.
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.
Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
/s/ Ryan S. Lovitz under Power of Attorney for Nicholas T. Pinchuk
2018-08-07