Snap-on Inc — Director's Dealing 2019

Dec 31, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2019-12-28

Reporting Person: Strege Richard K (Vice President & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-28	Common Stock	M	4	—	Acquired	1653.1113	Direct
2019-12-28	Common Stock	F	4	$169.20	Disposed	1649.1113	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-28	Restricted Stock Units	$	M	4	Disposed		Common Stock (4)	Direct
2019-12-28	Restricted Stock Units	$	M	127	Disposed		Common Stock (127)	Direct
2019-12-28	Deferred Stock Units	$	M	127	Acquired		Common Stock (127)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (3067)	3067	Direct
Stock Option (Right to Buy)	$138.03	2026-02-11	Common Stock (4800)	4800	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (4774)	4774	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (5000)	5000	Direct
Restricted Stock Units	$		Common Stock (433)	433	Direct
Restricted Stock Units	$		Common Stock (672)	672	Direct
Performance Units	$		Common Stock (348)	348	Direct
Performance Units	$		Common Stock (554)	554	Direct
Performance Units	$		Common Stock (672)	672	Direct

Footnotes

F1: The restricted stock units were earned based on Company performance during fiscal 2017 and vested in one installment based on continued employment through the end of fiscal 2019; the reporting person elected to defer the receipt of a portion of the underlying shares.

F2: Includes 0.1357 shares acquired under a dividend reinvestment plan.

F3: Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.

F4: 1 for 1.

F5: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.

F6: This information is based on a plan statement dated September 30, 2019, as updated by the transaction being reported and a transaction previously reported on a Form 4, dated October 24, 2019.

F7: Option fully vested.

F8: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

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 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.

F11: 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.

F12: 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.

F13: 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.