SNAP-ON Inc 4

Accession 0001127602-17-005478

$SNACIK 0000091440operating

View on SEC.gov Company Profile

Filed

Feb 12, 7:00 PM ET

Accepted

Feb 13, 4:52 PM ET

Size

33.3 KB

Accession

0001127602-17-005478

Insider Transaction Report

Form 4

Period: 2017-02-09

SNAP-ON IncSNA

JOHNSEN CONSTANCE

Vice President and Controller

Transactions

Exercise/Conversion
Common Stock
2017-02-09+911→ 2,848 total
Tax Payment
Common Stock
2017-02-09$168.70/sh−325$54,827→ 2,523 total
Award
Performance Units
2017-02-09+57→ 911 total
→ Common Stock (57 underlying)
Exercise/Conversion
Performance Units
2017-02-09−911→ 0 total
→ Common Stock (911 underlying)
Award
Restricted Stock Units
2017-02-09+100→ 718 total
→ Common Stock (100 underlying)
Award
Stock Option (Right to Buy)
2017-02-09+9,000→ 9,000 total
Exercise: $168.70From: 2018-02-09Exp: 2027-02-09→ Common Stock (9,000 underlying)
Award
Performance Units
2017-02-09+610→ 610 total
→ Common Stock (610 underlying)
Award
Restricted Stock Units
2017-02-09+609→ 609 total
→ Common Stock (609 underlying)

Holdings

Stock Option (Right to Buy)
Exercise: $109.43From: 2015-02-13Exp: 2024-02-13→ Common Stock (2,500 underlying)
2,500
Stock Option (Right to Buy)
Exercise: $144.69From: 2016-02-12Exp: 2025-02-12→ Common Stock (8,000 underlying)
8,000
Stock Option (Right to Buy)
Exercise: $138.03From: 2017-02-11Exp: 2026-02-11→ Common Stock (8,500 underlying)
8,500
Restricted Stock Units
→ Common Stock (1,003 underlying)
1,003
Performance Units
→ Common Stock (729 underlying)
729
Performance Units
→ Common Stock (618 underlying)
618
Deferred Stock Units
→ Common Stock (1,108 underlying)
1,108

Footnotes (12)

[F1]Based on Company performance during the 2014-2016 period, approximately 106.7% 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).
[F10]If the Company achieves certain goals over the 2015-2017 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.
[F11]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.
[F12]Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
[F2]Shares were withheld to cover tax withholding upon the vesting of performance units.
[F3]1 for 1.
[F4]Based on Company performance during fiscal 2016, approximately 116.2% 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 2018, the units will then vest in one installment and the shares will be issued shortly thereafter.
[F5]Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
[F6]This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
[F7]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.
[F8]The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2017. Assuming continued employment through the end of fiscal 2019, 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.
[F9]The restricted stock units were earned based on Company performance during fiscal 2015. Assuming continued employment through the end of fiscal 2017, the units will then vest in one installment and the shares will be issued shortly thereafter.

Documents

2 files

Issuer

SNAP-ON Inc

CIK 0000091440

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000091440

Filing Metadata

Form type: 4
Filed: Feb 12, 7:00 PM ET
Accepted: Feb 13, 4:52 PM ET
Size: 33.3 KB

View on SEC.gov