Home > Insider Trading > Filing (0001127602-20-029936)

Filing Details

Accession Number:: 0001127602-20-029936
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-24 16:54:32
Reporting Period:: 2020-11-23

Accepted Time:: 2020-11-24 16:54:32
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	Explanation
Common Stock	Acquisiton	2020-11-23	7,292	$138.03	51,359	No	4	M	Direct
Common Stock	Disposition	2020-11-23	7,292	$175.23	44,067	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	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	Stock Option (Right to Buy)	Disposition	2020-11-23	7,292	$0.00	7,292	$138.03

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2026-02-11	No	4	M	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)	$144.69		2025-02-12	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$168.70		2027-02-09	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$161.18	2019-02-15	2028-02-15	28,646	28,646	Direct
Common Stock	Stock Option (Right to Buy)	$155.92	2020-02-14	2029-02-14	25,750	25,750	Direct
Common Stock	Stock Option (Right to Buy)	$155.34	2021-02-13	2030-02-13	25,750	25,750	Direct
Common Stock	Restricted Stock Units	$0.00			2,597	2,597	Direct
Common Stock	Restricted Stock Units	$0.00			2,946	2,946	Direct
Common Stock	Performance Units	$0.00			3,326	3,326	Direct
Common Stock	Performance Units	$0.00			3,104	3,104	Direct
Common Stock	Performance Units	$0.00			2,947	2,947	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-02-12	42,000	42,000	Direct
2027-02-09	42,000	42,000	Direct
2028-02-15	28,646	28,646	Direct
2029-02-14	25,750	25,750	Direct
2030-02-13	25,750	25,750	Direct
	2,597	2,597	Direct
	2,946	2,946	Direct
	3,326	3,326	Direct
	3,104	3,104	Direct
	2,947	2,947	Direct

Footnotes

The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan.
This transaction was executed in multiple trades at prices ranging from $174.90 to $175.77. 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.
Option fully vested.
Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.
Original stock 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 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.
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 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.
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.