0001127602-20-006105.txt : 20200218
0001127602-20-006105.hdr.sgml : 20200218
20200218165616
ACCESSION NUMBER: 0001127602-20-006105
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200213
FILED AS OF DATE: 20200218
DATE AS OF CHANGE: 20200218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Chambers Timothy L
CENTRAL INDEX KEY: 0001768384
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07724
FILM NUMBER: 20626090
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: 1228
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: 20080918
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
2020-02-13
0000091440
Snap-on Inc
SNA
0001768384
Chambers Timothy L
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA
WI
53143
1
Sr VP & Pres - Tools
Common Stock
2020-02-13
4
M
0
432
A
10168.0018
D
Common Stock
2020-02-13
4
F
0
164
155.34
D
10004.0018
D
Performance Units
2020-02-13
4
D
0
265
D
Common Stock
265
432
D
Performance Units
2020-02-13
4
M
0
432
D
Common Stock
432
0
D
Restricted Stock Units
2020-02-13
4
D
0
1439
D
Common Stock
1439
0
D
Stock Option (Right to Buy)
155.34
2020-02-13
4
A
0
13500
0
A
2021-02-13
2030-02-13
Common Stock
13500
13500
D
Restricted Stock Units
2020-02-13
4
A
0
1670
0
A
Common Stock
1670
1670
D
Performance Units
2020-02-13
4
A
0
1671
0
A
Common Stock
1671
1671
D
Stock Option (Right to Buy)
58.94
2021-02-09
Common Stock
5000
5000
D
Stock Option (Right to Buy)
60.00
2022-02-08
Common Stock
6000
6000
D
Stock Option (Right to Buy)
79.04
2023-02-13
Common Stock
6500
6500
D
Stock Option (Right to Buy)
109.43
2024-02-13
Common Stock
7000
7000
D
Stock Option (Right to Buy)
144.69
2025-02-12
Common Stock
7000
7000
D
Stock Option (Right to Buy)
138.03
2026-02-11
Common Stock
8000
8000
D
Stock Option (Right to Buy)
168.70
2027-02-09
Common Stock
9500
9500
D
Stock Option (Right to Buy)
161.18
2019-02-15
2028-02-15
Common Stock
7594
7594
D
Stock Option (Right to Buy)
155.92
2020-02-14
2029-02-14
Common Stock
12000
12000
D
Restricted Stock Units
Common Stock
688
688
D
Performance Units
Common Stock
882
882
D
Performance Units
Common Stock
1440
1440
D
Based on Company performance during the 2017-2019 period, approximately 62.0% 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 the Company's performance during fiscal 2019, the restricted stock units granted in fiscal 2019 were not earned and, as a result, the awards were forfeited.
Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
The 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 2020. Assuming continued employment through the end of fiscal 2022, 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 2020-2022 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 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.
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.
/s/ Ryan S. Lovitz under Power of Attorney for Timothy L. Chambers
2020-02-18
EX-24
2
doc1.txt
POWER OF ATTORNEY (PUBLIC): POWER OF ATTORNEY
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Richard T. Miller, Mary E. Bauerschmidt, Kenneth V. Hallett,
Mitchell Lindstrom and Ryan S. Lovitz, signing singly, and with full
power of substitution, as the undersigned?s true and lawful attorney-in
-fact to:
(1) execute for and on behalf of the undersigned, in the undersigned?s
capacity as an officer and/or director of Snap-on Incorporated
(the ?Company?), Forms 3, 4, and 5 in accordance with Section 16(a) of
the Securities Exchange Act of 1934 and the rules thereunder (the
?Exchange Act?), Form 144 in accordance with Rule 144 under the
Securities Act of 1933 (?Rule 144?) and any other forms or reports,
including, but not limited to, a Form ID, that the undersigned may be
required to file in connection with the undersigned?s ownership,
acquisition or disposition of securities of the Company;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and
execute any such Form 3, 4 or 5, Form 144 or other form or report,
complete and execute any amendment or amendments thereto and timely
file such form or report with the Securities and Exchange Commission
and any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney in fact, may be
of benefit to, in the best interest of, or legally required by, the
undersigned, it being understood that the documents executed by such
attorney in fact on behalf of the undersigned pursuant to this Power
of Attorney shall be in such form and shall contain such terms and
conditions as such attorney in fact may approve in such attorney in
fact?s discretion.
The undersigned hereby grants to each such attorney in fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the
rights and powers herein granted, as fully to all intents and purposes
as the undersigned might or could do if personally present, with full
power of substitution or revocation, hereby ratifying and confirming
all that such attorney in fact, or such attorney in fact?s substitute
or substitutes, shall lawfully do or cause to be done by virtue of this
power of attorney and the rights and powers herein granted.The
undersigned acknowledges that the foregoing attorneys in fact, in
serving in such capacity at the request of the undersigned, are not
assuming, nor is the Company assuming, any of the undersigned?s
responsibilities to comply with Section 16 of the Exchange Act or
Rule 144.
This Power of Attorney revokes any previous Power of Attorney filed
with the Company for the purposes set forth herein and shall remain
in full force and effect until the undersigned is no longer required
to file Forms 3, 4, and 5 with respect to the undersigned?s holdings
of and transactions in securities issued by the Company, unless
expressly revoked before that time.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 15th day of February 2019.
/s/ Timothy L. Chambers
Timothy L. Chambers