Snap-on Inc — Director's Dealing 2019

Feb 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP-ON Inc (SNA)
CIK: 0000091440
Period of Report: 2019-02-14

Reporting Person: Lemerand June C (VP & Chief Information Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-14	Restricted Stock Units	$	D	74	Disposed		Common Stock (74)	Direct
2019-02-14	Stock Option (Right to Buy)	$155.92	A	3600	Acquired	2029-02-14	Common Stock (3600)	Direct
2019-02-14	Restricted Stock Units	$	A	448	Acquired		Common Stock (448)	Direct
2019-02-14	Performance Units	$	A	448	Acquired		Common Stock (448)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	704.7812	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (1620)	1620	Direct
Stock Option (Right to Buy)	$138.03	2026-02-11	Common Stock (1620)	1620	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (2200)	2200	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (2906)	2906	Direct
Restricted Stock Units	$		Common Stock (55)	55	Direct
Performance Units	$		Common Stock (145)	145	Direct
Performance Units	$		Common Stock (338)	338	Direct

Footnotes

F1: Includes a total of 32.2868 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and a dividend reinvestment plan.

F2: 1 for 1.

F3: Based on Company performance during fiscal 2018, approximately 78.1% of the restricted stock units originally granted were earned (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number of units originally reported, subject to plan limits). 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.

F4: Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F5: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

F6: 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.

F7: 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.

F8: Option fully vested.

F9: 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.

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.