0001127602-19-012714.txt : 20190321 0001127602-19-012714.hdr.sgml : 20190321 20190321175921 ACCESSION NUMBER: 0001127602-19-012714 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190321 FILED AS OF DATE: 20190321 DATE AS OF CHANGE: 20190321 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PINCHUK NICHOLAS T CENTRAL INDEX KEY: 0001246136 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 19697934 MAIL ADDRESS: STREET 1: 280180TH 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 2019-03-21 0000091440 SNAP-ON Inc SNA 0001246136 PINCHUK NICHOLAS T SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 1 Chairman, President and CEO Common Stock 2019-03-21 4 M 0 20000 41.01 A 471600.022 D Common Stock 2019-03-21 4 S 0 900 155.70 D 470700.022 D Common Stock 2019-03-21 4 S 0 10883 156.7574 D 459817.022 D Common Stock 738.2569 I By 401(k) Plan Stock Option (Right to Buy) 41.01 2019-03-21 4 M 0 20000 D 2020-02-10 Common Stock 20000 100000 D Stock Option (Right to Buy) 58.94 2021-02-09 Common Stock 125000 125000 D Stock Option (Right to Buy) 60.00 2022-02-08 Common Stock 125000 125000 D Stock Option (Right to Buy) 79.04 2023-02-13 Common Stock 130000 130000 D Stock Option (Right to Buy) 109.43 2024-02-13 Common Stock 130000 130000 D Stock Option (Right to Buy) 144.69 2025-02-12 Common Stock 130000 130000 D Stock Option (Right to Buy) 138.03 2026-02-11 Common Stock 135000 135000 D Stock Option (Right to Buy) 168.70 2018-02-09 2027-02-09 Common Stock 135000 135000 D Stock Option (Right to Buy) 161.18 2019-02-15 2028-02-15 Common Stock 92288 92288 D Stock Option (Right to Buy) 155.92 2020-02-14 2029-02-14 Common Stock 83059 83059 D Restricted Stock Units Common Stock 3610 3610 D Restricted Stock Units Common Stock 8367 8367 D Restricted Stock Units Common Stock 10567 10567 D Performance Units Common Stock 9577 9577 D Performance Units Common Stock 10714 10714 D Performance Units Common Stock 10568 10568 D Deferred Stock Units Common Stock 21899.0723 21899.0723 D The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan. Includes 1.1736 shares acquired under a dividend reinvestment plan. This transaction was executed in multiple trades at prices ranging from $155.30 to $156.01. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated. This transaction was executed in multiple trades at prices ranging from $156.37 to $157.23. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated. Option fully vested. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan. Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. 1 for 1. 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. The restricted stock units were earned based on Company performance during fiscal 2018. 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. 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 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. 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. 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 Nicholas T. Pinchuk 2019-03-21