0001127602-19-006900.txt : 20190219 0001127602-19-006900.hdr.sgml : 20190219 20190219170557 ACCESSION NUMBER: 0001127602-19-006900 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: Banerjee Anup R CENTRAL INDEX KEY: 0001651010 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 19615880 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 0001651010 Banerjee Anup R SNAP-ON INCORPORATED 2801-80TH STREET KENOSHA WI 53143 1 Sr VP & Chief Devel. Officer Common Stock 2019-02-14 4 M 0 1612 A 3621 D Common Stock 2019-02-14 4 F 0 693 155.92 D 2928 D Performance Units 2019-02-14 4 D 0 243 D Common Stock 243 1612 D Performance Units 2019-02-14 4 M 0 1612 D Common Stock 1612 0 D Restricted Stock Units 2019-02-14 4 D 0 572 D Common Stock 572 2038 D Stock Option (Right to Buy) 155.92 2019-02-14 4 A 0 20250 0 A 2020-02-14 2029-02-14 Common Stock 20250 20250 D Restricted Stock Units 2019-02-14 4 A 0 2575 0 A Common Stock 2575 2575 D Performance Units 2019-02-14 4 A 0 2576 0 A Common Stock 2576 2576 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 9000 9000 D Stock Option (Right to Buy) 168.70 2018-02-09 2027-02-09 Common Stock 28000 28000 D Stock Option (Right to Buy) 161.18 2019-02-15 2028-02-15 Common Stock 22489 22489 D Restricted Stock Units Common Stock 711 711 D Performance Units Common Stock 1887 1887 D Performance Units Common Stock 2611 2611 D Deferred Stock Units Common Stock 7278.9383 7278.9383 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. 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. This information is based on a plan statement dated December 31, 2018. /s/ Ryan S. Lovitz under Power of Attorney for Anup R. Banerjee 2019-02-18