4//SEC Filing
Shur Irwin M 4
Accession 0001127602-18-007302
CIK 0000091440other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 5:29 PM ET
Size
32.6 KB
Accession
0001127602-18-007302
Insider Transaction Report
Form 4
SNAP-ON IncSNA
Shur Irwin M
VP, Gen Counsel & Secretary
Transactions
- Exercise/Conversion
Performance Units
2018-02-15−1,410→ 0 total→ Common Stock (1,410 underlying) - Disposition to Issuer
Restricted Stock Units
2018-02-15−624→ 377 total→ Common Stock (624 underlying) - Tax Payment
Common Stock
2018-02-15$161.18/sh−607$97,836→ 9,385 total - Award
Performance Units
2018-02-15+125→ 1,410 total→ Common Stock (125 underlying) - Award
Performance Units
2018-02-15+1,227→ 1,227 total→ Common Stock (1,227 underlying) - Award
Stock Option (Right to Buy)
2018-02-15+10,569→ 10,569 totalExercise: $161.18From: 2019-02-15Exp: 2028-02-15→ Common Stock (10,569 underlying) - Award
Restricted Stock Units
2018-02-15+1,227→ 1,227 total→ Common Stock (1,227 underlying) - Exercise/Conversion
Common Stock
2018-02-15+1,410→ 9,992 total
Holdings
- 14,000
Stock Option (Right to Buy)
Exercise: $138.03From: 2017-02-11Exp: 2026-02-11→ Common Stock (14,000 underlying) - 1,221
Restricted Stock Units
→ Common Stock (1,221 underlying) - 1,051
Performance Units
→ Common Stock (1,051 underlying) - 1,691
Deferred Stock Units
→ Common Stock (1,691 underlying) - 14,000
Stock Option (Right to Buy)
Exercise: $79.04Exp: 2023-02-13→ Common Stock (14,000 underlying) - 14,000
Stock Option (Right to Buy)
Exercise: $109.43Exp: 2024-02-13→ Common Stock (14,000 underlying) - 14,000
Stock Option (Right to Buy)
Exercise: $144.69Exp: 2025-02-12→ Common Stock (14,000 underlying) - 14,000
Stock Option (Right to Buy)
Exercise: $168.70From: 2018-02-09Exp: 2027-02-09→ Common Stock (14,000 underlying) - 1,001
Performance Units
→ Common Stock (1,001 underlying)
Footnotes (13)
- [F1]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).
- [F10]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.
- [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]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.
- [F13]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 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.
- [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]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.
- [F8]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.
- [F9]Option fully vested.
Documents
Issuer
SNAP-ON Inc
CIK 0000091440
Entity typeother
Related Parties
1- filerCIK 0001433027
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 5:29 PM ET
- Size
- 32.6 KB