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Snap-on Inc — Director's Dealing 2020
Aug 11, 2020
30335_dirs_2020-08-11_3dd9d3bf-3638-480a-b780-4432a8a4cfd4.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: 2020-08-10
Reporting Person: PINCHUK NICHOLAS T (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-08-10 | Common Stock | M | 41650 | $58.94 | Acquired | 561546.7223 | Direct |
| 2020-08-10 | Common Stock | S | 25192 | $150.1909 | Disposed | 536354.7223 | Direct |
| 2020-08-10 | Common Stock | S | 2374 | $150.8654 | Disposed | 533980.7223 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-08-10 | Stock Option (Right to Buy) | $58.94 | M | 41650 | Disposed | 2021-02-09 | Common Stock (41650) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 768.2529 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $60.00 | 2022-02-08 | Common Stock (125000) | 125000 | Direct |
| Stock Option (Right to Buy) | $79.04 | 2023-02-13 | Common Stock (130000) | 130000 | Direct |
| Stock Option (Right to Buy) | $109.43 | 2024-02-13 | Common Stock (130000) | 130000 | Direct |
| Stock Option (Right to Buy) | $144.69 | 2025-02-12 | Common Stock (130000) | 130000 | Direct |
| Stock Option (Right to Buy) | $138.03 | 2026-02-11 | Common Stock (135000) | 135000 | Direct |
| Stock Option (Right to Buy) | $168.70 | 2027-02-09 | Common Stock (135000) | 135000 | Direct |
| Stock Option (Right to Buy) | $161.18 | 2028-02-15 | Common Stock (92288) | 92288 | Direct |
| Stock Option (Right to Buy) | $155.92 | 2029-02-14 | Common Stock (83059) | 83059 | Direct |
| Stock Option (Right to Buy) | $155.34 | 2030-02-13 | Common Stock (83059) | 83059 | Direct |
| Restricted Stock Units | $ | Common Stock (8367) | 8367 | Direct | |
| Restricted Stock Units | $ | Common Stock (10033) | 10033 | Direct | |
| Performance Units | $ | Common Stock (10714) | 10714 | Direct | |
| Performance Units | $ | Common Stock (10568) | 10568 | Direct | |
| Performance Units | $ | Common Stock (10033) | 10033 | Direct | |
| Deferred Stock Units | $ | Common Stock (22775.4072) | 22775.4072 | Direct |
Footnotes
F1: The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan.
F2: This transaction was executed in multiple trades at prices ranging from $149.65 to $150.64. 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 transaction was executed in multiple trades at prices ranging from $150.65 to $151.11. 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 information is based on a plan statement dated June 30, 2020.
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 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.
F10: The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2020. Assuming continued employment through the end of fiscal 2022, 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 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.
F12: 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.
F13: If the Company achieves certain goals over the 2020-2022 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.