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