0001127602-19-006887.txt : 20190219 0001127602-19-006887.hdr.sgml : 20190219 20190219165742 ACCESSION NUMBER: 0001127602-19-006887 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: KASSOUF THOMAS L. CENTRAL INDEX KEY: 0001420599 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 19615736 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 0001420599 KASSOUF THOMAS L. SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 Sr VP & Pres - Tools Common Stock 2019-02-14 4 M 0 2484 A 21141 D Common Stock 2019-02-14 4 F 0 795 155.92 D 20346 D Common Stock 12800 I By Family LLC Performance Units 2019-02-14 4 D 0 375 D Common Stock 375 2484 D Performance Units 2019-02-14 4 M 0 2484 D Common Stock 2484 0 D Restricted Stock Units 2019-02-14 4 D 0 668 D Common Stock 668 2382 D Stock Option (Right to Buy) 109.43 2024-02-13 Common Stock 36000 36000 D Stock Option (Right to Buy) 144.69 2025-02-12 Common Stock 37000 37000 D Stock Option (Right to Buy) 138.03 2026-02-11 Common Stock 38000 38000 D Stock Option (Right to Buy) 168.70 2018-02-09 2027-02-09 Common Stock 39000 39000 D Stock Option (Right to Buy) 161.18 2019-02-15 2028-02-15 Common Stock 26277 26277 D Restricted Stock Units Common Stock 1039 1039 D Performance Units Common Stock 2757 2757 D Performance Units Common Stock 3051 3051 D Deferred Stock Units Common Stock 2617.5397 2617.5397 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. 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. Option fully vested. Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. 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. This information is based on a plan statement dated December 31, 2018. A charitable foundation holds 12,000 shares of the Company's common stock; these shares are excluded from this Form 4 because the Reporting Person and his spouse do not have a pecuniary interest in such shares. /s/ Ryan S. Lovitz under Power of Attorney for Thomas L. Kassouf 2019-02-18