Statement of Changes in Beneficial Ownership (4)
November 13 2019 - 4:55PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Ward Thomas J |
2. Issuer Name and Ticker or Trading Symbol
Snap-on Inc
[
SNA
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr VP & President - RS&I Group |
(Last)
(First)
(Middle)
SNAP-ON INCORPORATED, 2801 80TH STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/12/2019 |
(Street)
KENOSHA, WI 53143
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/12/2019 | | G |
V
| 597 | D | (1) | 42829.2039 (2) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (Right to Buy) | $109.43 | | | | | | | (3) | 2/13/2024 | Common Stock | 21000 | | 21000 | D | |
Stock Option (Right to Buy) | $144.69 | | | | | | | (3) | 2/12/2025 | Common Stock | 42000 | | 42000 | D | |
Stock Option (Right to Buy) | $138.03 | | | | | | | (3) | 2/11/2026 | Common Stock | 42000 | | 42000 | D | |
Stock Option (Right to Buy) | $168.70 | | | | | | | 2/9/2018 (4) | 2/9/2027 | Common Stock | 42000 | | 42000 | D | |
Stock Option (Right to Buy) | $161.18 | | | | | | | 2/15/2019 (4) | 2/15/2028 | Common Stock | 28646 | | 28646 | D | |
Stock Option (Right to Buy) | $155.92 | | | | | | | 2/14/2020 (4) | 2/14/2029 | Common Stock | 25750 | | 25750 | D | |
Restricted Stock Units | (5) | | | | | | | (6) | (6) | Common Stock | 1203 | | 1203 | D | |
Restricted Stock Units | (5) | | | | | | | (7) | (7) | Common Stock | 2597 | | 2597 | D | |
Restricted Stock Units | (5) | | | | | | | (8) | (8) | Common Stock | 3103 | | 3103 | D | |
Performance Units | (5) | | | | | | | (9) | (9) | Common Stock | 3192 | | 3192 | D | |
Performance Units | (5) | | | | | | | (10) | (10) | Common Stock | 3326 | | 3326 | D | |
Performance Units | (5) | | | | | | | (11) | (11) | Common Stock | 3104 | | 3104 | D | |
Explanation of Responses: |
(1) | Bona fide gift. |
(2) | Includes 0.0614 shares acquired under a dividend reinvestment plan. |
(3) | Option fully vested. |
(4) | Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. |
(5) | 1 for 1. |
(6) | 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. |
(7) | 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. |
(8) | 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. |
(9) | 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. |
(10) | 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. |
(11) | 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ward Thomas J SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA, WI 53143 |
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| Sr VP & President - RS&I Group |
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Signatures
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/s/ Ryan S. Lovitz under Power of Attorney for Thomas J. Ward | | 11/12/2019 |
**Signature of Reporting Person | Date |
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