4//SEC Filing
KASSOUF THOMAS L. 4
Accession 0001127602-19-006887
CIK 0000091440other
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 4:57 PM ET
Size
26.5 KB
Accession
0001127602-19-006887
Insider Transaction Report
Form 4
SNAP-ON IncSNA
KASSOUF THOMAS L.
SVP & Pres - Commercial Div
Transactions
- Disposition to Issuer
Performance Units
2019-02-14−375→ 2,484 total→ Common Stock (375 underlying) - Disposition to Issuer
Restricted Stock Units
2019-02-14−668→ 2,382 total→ Common Stock (668 underlying) - Exercise/Conversion
Common Stock
2019-02-14+2,484→ 21,141 total - Tax Payment
Common Stock
2019-02-14$155.92/sh−795$123,956→ 20,346 total - Exercise/Conversion
Performance Units
2019-02-14−2,484→ 0 total→ Common Stock (2,484 underlying)
Holdings
- 36,000
Stock Option (Right to Buy)
Exercise: $109.43Exp: 2024-02-13→ Common Stock (36,000 underlying) - 12,800(indirect: By LLC)
Common Stock
- 38,000
Stock Option (Right to Buy)
Exercise: $138.03Exp: 2026-02-11→ Common Stock (38,000 underlying) - 26,277
Stock Option (Right to Buy)
Exercise: $161.18From: 2019-02-15Exp: 2028-02-15→ Common Stock (26,277 underlying) - 2,757
Performance Units
→ Common Stock (2,757 underlying) - 2,617.54
Deferred Stock Units
→ Common Stock (2,617.54 underlying) - 37,000
Stock Option (Right to Buy)
Exercise: $144.69Exp: 2025-02-12→ Common Stock (37,000 underlying) - 39,000
Stock Option (Right to Buy)
Exercise: $168.70From: 2018-02-09Exp: 2027-02-09→ Common Stock (39,000 underlying) - 1,039
Restricted Stock Units
→ Common Stock (1,039 underlying) - 3,051
Performance Units
→ Common Stock (3,051 underlying)
Footnotes (11)
- [F1]Based on Company performance during the 2016-2018 period, approximately 86.9% 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]Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
- [F11]This information is based on a plan statement dated December 31, 2018.
- [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 2018, approximately 78.1% 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 2020, the units will then vest in one installment and the shares will be issued shortly thereafter.
- [F5]Option fully vested.
- [F6]Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- [F7]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.
- [F8]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.
- [F9]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.
Documents
Issuer
SNAP-ON Inc
CIK 0000091440
Entity typeother
Related Parties
1- filerCIK 0001420599
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 4:57 PM ET
- Size
- 26.5 KB