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Snap-on Inc — Director's Dealing 2019
Dec 16, 2019
30335_dirs_2019-12-16_c57f3ec9-6737-499a-8618-4d5dd0d67b68.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2019-12-13
Reporting Person: Pagliari Aldo John (Sr VP - Finance & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-12-13 | Common Stock | M | 2237 | $41.01 | Acquired | 49831.2913 | Direct |
| 2019-12-13 | Common Stock | S | 2237 | $171.2513 | Disposed | 47594.2913 | Direct |
| 2019-12-16 | Common Stock | M | 4243 | $41.01 | Acquired | 51837.2913 | Direct |
| 2019-12-16 | Common Stock | S | 4143 | $171.2984 | Disposed | 47694.2913 | Direct |
| 2019-12-16 | Common Stock | S | 100 | $172.035 | Disposed | 47594.2913 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-12-13 | Stock Option (Right to Buy) | $41.01 | M | 2237 | Disposed | 2020-02-10 | Common Stock (2237) | Direct |
| 2019-12-16 | Stock Option (Right to Buy) | $41.01 | M | 4243 | Disposed | 2020-02-10 | Common Stock (4243) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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 |
| Stock Option (Right to Buy) | $161.18 | 2028-02-15 | Common Stock (26052) | 26052 | Direct |
| Stock Option (Right to Buy) | $155.92 | 2029-02-14 | Common Stock (23500) | 23500 | Direct |
| Restricted Stock Units | $ | Common Stock (985) | 985 | Direct | |
| Restricted Stock Units | $ | Common Stock (2362) | 2362 | Direct | |
| Restricted Stock Units | $ | Common Stock (2991) | 2991 | Direct | |
| Performance Units | $ | Common Stock (2612) | 2612 | Direct | |
| Performance Units | $ | Common Stock (3024) | 3024 | Direct | |
| Performance Units | $ | Common Stock (2992) | 2992 | Direct |
Footnotes
F1: The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan.
F2: Includes 55.8802 shares acquired under a dividend reinvestment plan.
F3: This transaction was executed in multiple trades at prices ranging from $171.09 to $171.53. 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.
F4: This transaction was executed in multiple trades at prices ranging from $171.00 to $171.97. 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.
F5: Option fully vested.
F6: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.
F7: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F8: 1 for 1.
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.
F10: The restricted stock units were earned based on Company performance during fiscal 2018. 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.
F11: The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2019. Assuming continued employment through the end of fiscal 2021, 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.
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: If the Company achieves certain goals over the 2019-2021 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.