Snap-on Inc — Director's Dealing 2018

Jan 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP-ON Inc (SNA)
CIK: 0000091440
Period of Report: 2017-12-30

Reporting Person: KASSOUF THOMAS L. (Sr VP & Pres - Tools)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-30	Common Stock	M	4750	—	Acquired	27742	Direct
2017-12-30	Common Stock	F	1481	$174.30	Disposed	26261	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-30	Restricted Stock Units	$	M	4750	Disposed		Common Stock (4750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12800	Indirect
Common Stock	8369.3538	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$58.94	2021-02-09	Common Stock (28000)	28000	Direct
Stock Option (Right to Buy)	$60.00	2022-02-08	Common Stock (33000)	33000	Direct
Stock Option (Right to Buy)	$79.04	2023-02-13	Common Stock (35000)	35000	Direct
Stock Option (Right to Buy)	$109.43	2024-02-13	Common Stock (36000)	36000	Direct
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (37000)	37000	Direct
Stock Option (Right to Buy)	$138.03	2026-02-11	Common Stock (38000)	38000	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (39000)	39000	Direct
Restricted Stock Units	$		Common Stock (3322)	3322	Direct
Restricted Stock Units	$		Common Stock (2757)	2757	Direct
Performance Units	$		Common Stock (3452)	3452	Direct
Performance Units	$		Common Stock (2859)	2859	Direct
Performance Units	$		Common Stock (2757)	2757	Direct
Deferred Stock Units	$		Common Stock (2419.5478)	2419.5478	Direct

Footnotes

F1: The restricted stock units were earned based on Company performance during fiscal 2015 and vested in one installment based on continued employment through the end of fiscal 2017.

F2: Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.

F3: Shares are owned by a family limited liability company, of which the Reporting Person and his family are sole owners, and managerial responsibilities and duties are shared between the Reporting Person and his spouse as co-managers. The Reporting Person disclaims beneficial ownership to the extent that he does not have a pecuniary interest in particular shares.

F4: This information is based on a plan statement dated September 30, 2017.

F5: 1 for 1.

F6: Option fully vested.

F7: Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F8: 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.

F9: The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2017. Assuming continued employment through the end of fiscal 2019, 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.

F10: If the Company achieves certain goals over the 2015-2017 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.

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.

F13: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.