0001127602-19-006880.txt : 20190219 0001127602-19-006880.hdr.sgml : 20190219 20190219165458 ACCESSION NUMBER: 0001127602-19-006880 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190214 FILED AS OF DATE: 20190219 DATE AS OF CHANGE: 20190219 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Boyd Iain CENTRAL INDEX KEY: 0001390311 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 19615697 MAIL ADDRESS: STREET 1: 2801 80TH 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: 1229 BUSINESS ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53143 BUSINESS PHONE: 2626565200 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 2019-02-14 0000091440 SNAP-ON Inc SNA 0001390311 Boyd Iain SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 VP - Operations Development Common Stock 2019-02-14 4 M 0 913 A 6451.1354 D Common Stock 2019-02-14 4 F 0 413 155.92 D 6038.1354 D Common Stock 601.0979 I By 401(k) Plan Performance Units 2019-02-14 4 D 0 138 D Common Stock 138 913 D Performance Units 2019-02-14 4 M 0 913 D Common Stock 913 0 D Restricted Stock Units 2019-02-14 4 D 0 263 D Common Stock 263 938 D Stock Option (Right to Buy) 155.92 2019-02-14 4 A 0 9500 0 A 2020-02-14 2029-02-14 Common Stock 9500 9500 D Restricted Stock Units 2019-02-14 4 A 0 1280 0 A Common Stock 1280 1280 D Performance Units 2019-02-14 4 A 0 1280 0 A Common Stock 1280 1280 D Stock Option (Right to Buy) 79.04 2023-02-13 Common Stock 13000 13000 D Stock Option (Right to Buy) 109.43 2024-02-13 Common Stock 13500 13500 D Stock Option (Right to Buy) 144.69 2025-02-12 Common Stock 13500 13500 D Stock Option (Right to Buy) 138.03 2026-02-11 Common Stock 13500 13500 D Stock Option (Right to Buy) 168.70 2018-02-09 2027-02-09 Common Stock 13500 13500 D Stock Option (Right to Buy) 161.18 2019-02-15 2028-02-15 Common Stock 10344 10344 D Restricted Stock Units Common Stock 372 372 D Performance Units Common Stock 987 987 D Performance Units Common Stock 1201 1201 D Deferred Stock Units Common Stock 335.9625 335.9625 D Based on Company performance during the 2016-2018 period, approximately 86.9% 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 information is based on a plan statement dated December 31, 2018. 1 for 1. Based 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. Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. This 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 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. If 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. Option fully vested. 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. 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 Iain Boyd 2019-02-18