AI assistant
Snap-on Inc — Director's Dealing 2018
Feb 20, 2018
30335_dirs_2018-02-20_525ae8f6-d329-4467-881e-d65082fd4b48.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SNAP-ON Inc (SNA)
CIK: 0000091440
Period of Report: 2018-02-15
Reporting Person: Pagliari Aldo John (Sr VP - Finance & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-15 | Common Stock | M | 3577 | — | Acquired | 46175.3688 | Direct |
| 2018-02-15 | Common Stock | F | 1674 | $161.18 | Disposed | 44501.3688 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-15 | Performance Units | $ | A | 316 | Acquired | Common Stock (316) | Direct | |
| 2018-02-15 | Performance Units | $ | M | 3577 | Disposed | Common Stock (3577) | Direct | |
| 2018-02-15 | Restricted Stock Units | $ | D | 1627 | Disposed | Common Stock (1627) | Direct | |
| 2018-02-15 | Stock Option (Right to Buy) | $161.18 | A | 26052 | Acquired | 2028-02-15 | Common Stock (26052) | Direct |
| 2018-02-15 | Restricted Stock Units | $ | A | 3024 | Acquired | Common Stock (3024) | Direct | |
| 2018-02-15 | Performance Units | $ | A | 3024 | Acquired | Common Stock (3024) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $29.69 | 2019-02-11 | Common Stock (6480) | 6480 | Direct |
| Stock Option (Right to Buy) | $41.01 | 2020-02-10 | Common Stock (6480) | 6480 | Direct |
| Stock Option (Right to Buy) | $58.94 | 2021-02-09 | Common Stock (20000) | 20000 | Direct |
| Stock Option (Right to Buy) | $60.00 | 2022-02-08 | Common Stock (27000) | 27000 | Direct |
| Stock Option (Right to Buy) | $79.04 | 2023-02-13 | Common Stock (30000) | 30000 | Direct |
| Stock Option (Right to Buy) | $109.43 | 2024-02-13 | Common Stock (33000) | 33000 | Direct |
| Stock Option (Right to Buy) | $144.69 | 2025-02-12 | Common Stock (34000) | 34000 | Direct |
| Stock Option (Right to Buy) | $138.03 | 2026-02-11 | Common Stock (35000) | 35000 | Direct |
| Stock Option (Right to Buy) | $168.70 | 2027-02-09 | Common Stock (36000) | 36000 | Direct |
| Restricted Stock Units | $ | Common Stock (3142) | 3142 | Direct | |
| Performance Units | $ | Common Stock (2704) | 2704 | Direct | |
| Performance Units | $ | Common Stock (2612) | 2612 | Direct |
Footnotes
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).
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: The 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.
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.