0001127602-18-007306.txt : 20180220 0001127602-18-007306.hdr.sgml : 20180220 20180220172914 ACCESSION NUMBER: 0001127602-18-007306 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180215 FILED AS OF DATE: 20180220 DATE AS OF CHANGE: 20180220 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ward Thomas J CENTRAL INDEX KEY: 0001320928 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 18625963 MAIL ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53141 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: 4146565200 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 2018-02-15 0000091440 SNAP-ON Inc SNA 0001320928 Ward Thomas J SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 Sr VP & President - RS&I Group Common Stock 2018-02-15 4 M 0 4629 A 51840.0032 D Common Stock 2018-02-15 4 F 0 2051 161.18 D 49789.0032 D Common Stock 2018-02-20 4 S 0 4743 159.8368 D 45046.0032 D Common Stock 2018-02-20 4 S 0 1000 160.354 D 44046.0032 D Performance Units 2018-02-15 4 A 0 409 A Common Stock 409 4629 D Performance Units 2018-02-15 4 M 0 4629 D Common Stock 4629 0 D Restricted Stock Units 2018-02-15 4 D 0 1989 D Common Stock 1989 1203 D Stock Option (Right to Buy) 161.18 2018-02-15 4 A 0 28646 0 A 2019-02-15 2028-02-15 Common Stock 28646 28646 D Restricted Stock Units 2018-02-15 4 A 0 3325 0 A Common Stock 3325 3325 D Performance Units 2018-02-15 4 A 0 3326 0 A Common Stock 3326 3326 D Stock Option (Right to Buy) 79.04 2023-02-13 Common Stock 42000 42000 D Stock Option (Right to Buy) 109.43 2024-02-13 Common Stock 42000 42000 D Stock Option (Right to Buy) 144.69 2025-02-12 Common Stock 42000 42000 D Stock Option (Right to Buy) 138.03 2017-02-11 2026-02-11 Common Stock 42000 42000 D Stock Option (Right to Buy) 168.70 2018-02-09 2027-02-09 Common Stock 42000 42000 D Restricted Stock Units Common Stock 3950 3950 D Performance Units Common Stock 3400 3400 D Performance Units Common Stock 3192 3192 D Based on Company performance during the 2015-2017 period, approximately 109.7% 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. This transaction was executed in multiple trades at prices ranging from $159.335 to $160.2605. 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 $160.35 to $160.355. 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. 1 for 1. Based on Company performance during fiscal 2017, approximately 37.7% 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 2019, 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. 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 2018. Assuming continued employment through the end of fiscal 2020, 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 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. Option fully vested. The restricted stock units were earned based on Company performance during fiscal 2016. Assuming continued employment through the end of fiscal 2018, the units will then vest in one installment and the shares will be issued shortly thereafter. If the Company achieves certain goals over the 2016-2018 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 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. /s/ Ryan S. Lovitz under Power of Attorney for Thomas J. Ward 2018-02-20