Filing Details
- Accession Number:
- 0001127602-18-037495
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-12-28 16:49:36
- Reporting Period:
- 2018-12-27
- Accepted Time:
- 2018-12-28 16:49:36
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 91440 | Snap-On Inc | SNA | Cutlery, Handtools & General Hardware (3420) | 390622040 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1246136 | T Nicholas Pinchuk | Snap-On Incorporated 2801 80Th Street Kenosha WI 53143 | Chairman, President And Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2018-12-27 | 40,000 | $29.69 | 462,333 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-12-27 | 2,662 | $139.46 | 459,671 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-12-27 | 11,101 | $140.53 | 448,570 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-12-27 | 7,131 | $141.30 | 441,439 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-12-27 | 1,539 | $142.83 | 439,900 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-27 | 40,000 | $0.00 | 40,000 | $29.69 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2019-02-11 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 728 | Indirect | By 401(k) Plan |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | $41.01 | 2020-02-10 | 120,000 | 120,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $58.94 | 2021-02-09 | 125,000 | 125,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $60.00 | 2022-02-08 | 125,000 | 125,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $79.04 | 2023-02-13 | 130,000 | 130,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $109.43 | 2024-02-13 | 130,000 | 130,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $144.69 | 2025-02-12 | 130,000 | 130,000 | Direct | |
| Common Stock | Stock Option (Right to Buy) | $138.03 | 2017-02-11 | 2026-02-11 | 135,000 | 135,000 | Direct |
| Common Stock | Stock Option (Right to Buy) | $168.70 | 2018-02-09 | 2027-02-09 | 135,000 | 135,000 | Direct |
| Common Stock | Stock Option (Right to Buy) | $161.18 | 2019-02-15 | 2028-02-15 | 92,288 | 92,288 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 11,851 | 11,851 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 3,610 | 3,610 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 10,713 | 10,713 | Direct | ||
| Common Stock | Performance Units | $0.00 | 10,199 | 10,199 | Direct | ||
| Common Stock | Performance Units | $0.00 | 9,577 | 9,577 | Direct | ||
| Common Stock | Performance Units | $0.00 | 10,714 | 10,714 | Direct | ||
| Common Stock | Deferred Stock Units | $0.00 | 21,760 | 21,760 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2020-02-10 | 120,000 | 120,000 | Direct |
| 2021-02-09 | 125,000 | 125,000 | Direct |
| 2022-02-08 | 125,000 | 125,000 | Direct |
| 2023-02-13 | 130,000 | 130,000 | Direct |
| 2024-02-13 | 130,000 | 130,000 | Direct |
| 2025-02-12 | 130,000 | 130,000 | Direct |
| 2026-02-11 | 135,000 | 135,000 | Direct |
| 2027-02-09 | 135,000 | 135,000 | Direct |
| 2028-02-15 | 92,288 | 92,288 | Direct |
| 11,851 | 11,851 | Direct | |
| 3,610 | 3,610 | Direct | |
| 10,713 | 10,713 | Direct | |
| 10,199 | 10,199 | Direct | |
| 9,577 | 9,577 | Direct | |
| 10,714 | 10,714 | Direct | |
| 21,760 | 21,760 | Direct |
Footnotes
- 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 2.1068 shares acquired under a dividend reinvestment plan.
- This transaction was executed in multiple trades at prices ranging from $138.90 to $139.86. 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 $139.96 to $140.95. The price reported 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 $140.98 to $141.83. 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 $142.11 to $142.9326. 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 information is based on a plan statement dated September 30, 2018.
- 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 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.
- 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 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 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.
- 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.
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