Snap-on Inc — Director's Dealing 2019

Feb 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP-ON Inc (SNA)
CIK: 0000091440
Period of Report: 2019-02-20

Reporting Person: Boyd Iain (VP - Operations Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-20	Common Stock	M	13000	$79.04	Acquired	19038.1354	Direct
2019-02-20	Common Stock	M	13500	$109.43	Acquired	32538.1354	Direct
2019-02-20	Common Stock	S	25392	$158.7775	Disposed	7146.1354	Direct
2019-02-20	Common Stock	S	1108	$159.1894	Disposed	6038.1354	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-20	Stock Option (Right to Buy)	$79.04	M	13000	Disposed	2023-02-13	Common Stock (13000)	Direct
2019-02-20	Stock Option (Right to Buy)	$109.43	M	13500	Disposed	2024-02-13	Common Stock (13500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	601.0979	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (13500)	13500	Direct
Stock Option (Right to Buy)	$138.03	2026-02-11	Common Stock (13500)	13500	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (13500)	13500	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (10344)	10344	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (9500)	9500	Direct
Restricted Stock Units	$		Common Stock (372)	372	Direct
Restricted Stock Units	$		Common Stock (938)	938	Direct
Restricted Stock Units	$		Common Stock (1280)	1280	Direct
Performance Units	$		Common Stock (987)	987	Direct
Performance Units	$		Common Stock (1201)	1201	Direct
Performance Units	$		Common Stock (1280)	1280	Direct
Deferred Stock Units	$		Common Stock (335.9625)	335.9625	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $158.17 to $159.16. 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.

F2: This transaction was executed in multiple trades at prices ranging from $159.17 to $159.28. 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: Option fully vested.

F4: Exercise of Rule 16b-3 stock option.

F5: Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F6: 1 for 1.

F7: 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.

F8: 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.

F9: 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.

F10: 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.

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