0001127602-19-006894.txt : 20190219
0001127602-19-006894.hdr.sgml : 20190219
20190219170250
ACCESSION NUMBER: 0001127602-19-006894
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: Ward Thomas J
CENTRAL INDEX KEY: 0001320928
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07724
FILM NUMBER: 19615819
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: 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
0001320928
Ward Thomas J
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA
WI
53143
1
Sr VP & President - RS&I Group
Common Stock
2019-02-14
4
M
0
2955
A
48636.1117
D
Common Stock
2019-02-14
4
F
0
1274
155.92
D
47362.1117
D
Performance Units
2019-02-14
4
D
0
445
D
Common Stock
445
2955
D
Performance Units
2019-02-14
4
M
0
2955
D
Common Stock
2955
0
D
Restricted Stock Units
2019-02-14
4
D
0
728
D
Common Stock
728
2597
D
Stock Option (Right to Buy)
155.92
2019-02-14
4
A
0
25750
0
A
2020-02-14
2029-02-14
Common Stock
25750
25750
D
Restricted Stock Units
2019-02-14
4
A
0
3103
0
A
Common Stock
3103
3103
D
Performance Units
2019-02-14
4
A
0
3104
0
A
Common Stock
3104
3104
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
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
Stock Option (Right to Buy)
161.18
2019-02-15
2028-02-15
Common Stock
28646
28646
D
Restricted Stock Units
Common Stock
1203
1203
D
Performance Units
Common Stock
3192
3192
D
Performance Units
Common Stock
3326
3326
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.
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 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 Thomas J. Ward
2019-02-18