KASSOUF THOMAS L. 4

Accession 0001127602-18-008794

CIK 0000091440other

View on SEC.gov Company Profile

Filed

Feb 26, 7:00 PM ET

Accepted

Feb 27, 6:02 PM ET

Size

39.9 KB

Accession

0001127602-18-008794

Insider Transaction Report

Form 4

Period: 2018-02-26

SNAP-ON IncSNA

KASSOUF THOMAS L.

SVP & Pres - Commercial Div

Transactions

Exercise/Conversion
Common Stock
2018-02-26$60.00/sh+33,000$1,980,000→ 89,394 total
Sale
Common Stock
2018-02-26$160.38/sh−93,284$14,961,140→ 31,110 total
Sale
Common Stock
2018-02-26$161.04/sh−2,716$437,380→ 28,394 total
Exercise/Conversion
Stock Option (Right to Buy)
2018-02-26−28,000→ 0 total
Exercise: $58.94Exp: 2021-02-09→ Common Stock (28,000 underlying)
Exercise/Conversion
Common Stock
2018-02-26$58.94/sh+28,000$1,650,320→ 56,394 total
Exercise/Conversion
Common Stock
2018-02-26$79.04/sh+35,000$2,766,400→ 124,394 total
Discretionary Transaction
Common Stock
2018-02-26$160.16/sh−8,463.619$1,355,533→ 0 total(indirect: By 401(k))
Exercise/Conversion
Stock Option (Right to Buy)
2018-02-26−33,000→ 0 total
Exercise: $60.00Exp: 2022-02-08→ Common Stock (33,000 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2018-02-26−35,000→ 0 total
Exercise: $79.04Exp: 2023-02-13→ Common Stock (35,000 underlying)

Holdings

Stock Option (Right to Buy)
Exercise: $168.70From: 2018-02-09Exp: 2027-02-09→ Common Stock (39,000 underlying)
39,000
Performance Units
→ Common Stock (2,757 underlying)
2,757
Common Stock
(indirect: By LLC)
12,800
Stock Option (Right to Buy)
Exercise: $109.43Exp: 2024-02-13→ Common Stock (36,000 underlying)
36,000
Stock Option (Right to Buy)
Exercise: $144.69Exp: 2025-02-12→ Common Stock (37,000 underlying)
37,000
Stock Option (Right to Buy)
Exercise: $138.03From: 2017-02-11Exp: 2026-02-11→ Common Stock (38,000 underlying)
38,000
Stock Option (Right to Buy)
Exercise: $161.18From: 2019-02-15Exp: 2028-02-15→ Common Stock (26,277 underlying)
26,277
Restricted Stock Units
→ Common Stock (3,322 underlying)
3,322
Restricted Stock Units
→ Common Stock (1,039 underlying)
1,039
Restricted Stock Units
→ Common Stock (3,050 underlying)
3,050
Performance Units
→ Common Stock (2,859 underlying)
2,859
Performance Units
→ Common Stock (3,051 underlying)
3,051
Deferred Stock Units
→ Common Stock (2,562.169 underlying)
2,562.169

Footnotes (14)

[F1]This transaction was executed in multiple trades at prices ranging from $160.00 to $160.98. 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.
[F10]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.
[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]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.
[F14]Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
[F2]This transaction was executed in multiple trades at prices ranging from $161.00 to $161.09. 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.
[F3]This information is based on the plan balance as of the date of the transaction.
[F4]Option fully vested.
[F5]Exercise of Rule 16b-3 stock option.
[F6]Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
[F7]1 for 1.
[F8]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.
[F9]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.

Documents

2 files

Issuer

SNAP-ON Inc

CIK 0000091440

→

Entity typeother

Related Parties

filerCIK 0001420599

Filing Metadata

Form type: 4
Filed: Feb 26, 7:00 PM ET
Accepted: Feb 27, 6:02 PM ET
Size: 39.9 KB

View on SEC.gov