Home > Insider Trading > Filing (0001127602-18-007306)

Filing Details

Accession Number:: 0001127602-18-007306
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-02-20 17:29:14
Reporting Period:: 2018-02-15

Accepted Time:: 2018-02-20 17:29:14
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
1320928	J Thomas Ward	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Sr Vp & President - Rs&I Group	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2018-02-15	4,629	$0.00	51,840	No	4	M	Direct
Common Stock	Disposition	2018-02-15	2,051	$161.18	49,789	No	4	F	Direct
Common Stock	Disposition	2018-02-20	4,743	$159.84	45,046	No	4	S	Direct
Common Stock	Disposition	2018-02-20	1,000	$160.35	44,046	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Units	Acquisiton	2018-02-15	409	$0.00	409	$0.00
Common Stock	Performance Units	Disposition	2018-02-15	4,629	$0.00	4,629	$0.00
Common Stock	Restricted Stock Units	Disposition	2018-02-15	1,989	$0.00	1,989	$0.00
Common Stock	Stock Option (Right to Buy)	Acquisiton	2018-02-15	28,646	$0.00	28,646	$161.18
Common Stock	Restricted Stock Units	Acquisiton	2018-02-15	3,325	$0.00	3,325	$0.00
Common Stock	Performance Units	Acquisiton	2018-02-15	3,326	$0.00	3,326	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,629			No	4	A	Direct
0			No	4	M	Direct
1,203			No	4	D	Direct
28,646	2019-02-15	2028-02-15	No	4	A	Direct
3,325			No	4	A	Direct
3,326			No	4	A	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$79.04		2023-02-13	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$109.43		2024-02-13	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$144.69		2025-02-12	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$138.03	2017-02-11	2026-02-11	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$168.70	2018-02-09	2027-02-09	42,000	42,000	Direct
Common Stock	Restricted Stock Units	$0.00			3,950	3,950	Direct
Common Stock	Performance Units	$0.00			3,400	3,400	Direct
Common Stock	Performance Units	$0.00			3,192	3,192	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2023-02-13	42,000	42,000	Direct
2024-02-13	42,000	42,000	Direct
2025-02-12	42,000	42,000	Direct
2026-02-11	42,000	42,000	Direct
2027-02-09	42,000	42,000	Direct
	3,950	3,950	Direct
	3,400	3,400	Direct
	3,192	3,192	Direct

Footnotes

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.