0001127602-19-006904.txt : 20190219 0001127602-19-006904.hdr.sgml : 20190219 20190219170834 ACCESSION NUMBER: 0001127602-19-006904 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: Lemerand June C CENTRAL INDEX KEY: 0001707381 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 19615912 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 0001707381 Lemerand June C 2801 80TH STREET KENOSHA WI 53143 1 VP & Chief Information Officer Common Stock 704.7812 D Restricted Stock Units 2019-02-14 4 D 0 74 D Common Stock 74 263 D Stock Option (Right to Buy) 155.92 2019-02-14 4 A 0 3600 0 A 2020-02-14 2029-02-14 Common Stock 3600 3600 D Restricted Stock Units 2019-02-14 4 A 0 448 0 A Common Stock 448 448 D Performance Units 2019-02-14 4 A 0 448 0 A Common Stock 448 448 D Stock Option (Right to Buy) 144.69 2025-02-12 Common Stock 1620 1620 D Stock Option (Right to Buy) 138.03 2026-02-11 Common Stock 1620 1620 D Stock Option (Right to Buy) 168.70 2018-02-09 2027-02-09 Common Stock 2200 2200 D Stock Option (Right to Buy) 161.18 2019-02-15 2028-02-15 Common Stock 2906 2906 D Restricted Stock Units Common Stock 55 55 D Performance Units Common Stock 145 145 D Performance Units Common Stock 338 338 D Includes a total of 32.2868 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and a dividend reinvestment plan. 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. /s/ Ryan S. Lovitz under Power of Attorney for June C. Lemerand 2019-02-18