0001127602-19-006918.txt : 20190219 0001127602-19-006918.hdr.sgml : 20190219 20190219171759 ACCESSION NUMBER: 0001127602-19-006918 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: Strege Richard K CENTRAL INDEX KEY: 0001700758 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 19616070 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 0001700758 Strege Richard K SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 Vice President & Controller Common Stock 2019-02-14 4 M 0 309 A 1752.7854 D Common Stock 2019-02-14 4 F 0 141 155.92 D 1611.7854 D Performance Units 2019-02-14 4 D 0 47 D Common Stock 47 309 D Performance Units 2019-02-14 4 M 0 309 D Common Stock 309 0 D Restricted Stock Units 2019-02-14 4 D 0 121 D Common Stock 121 433 D Stock Option (Right to Buy) 155.92 2019-02-14 4 A 0 5000 0 A 2020-02-14 2029-02-14 Common Stock 5000 5000 D Restricted Stock Units 2019-02-14 4 A 0 672 0 A Common Stock 672 672 D Performance Units 2019-02-14 4 A 0 672 0 A Common Stock 672 672 D Stock Option (Right to Buy) 144.69 2025-02-12 Common Stock 3067 3067 D Stock Option (Right to Buy) 138.03 2026-02-11 Common Stock 4800 4800 D Stock Option (Right to Buy) 168.70 2018-02-09 2027-02-09 Common Stock 5000 5000 D Stock Option (Right to Buy) 161.18 2019-02-15 2028-02-15 Common Stock 4774 4774 D Restricted Stock Units Common Stock 131 131 D Performance Units Common Stock 348 348 D Performance Units Common Stock 554 554 D Deferred Stock Units Common Stock 2649.2752 2649.2752 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 Richard K. Strege 2019-02-18