Snap-on Inc — Director's Dealing 2020

Oct 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2020-10-22

Reporting Person: Ward Thomas J (Sr VP & President - RS&I Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-22	Common Stock	M	3259	$138.03	Acquired	47926.3563	Direct
2020-10-22	Common Stock	S	3259	$169.9287	Disposed	44667.3563	Direct
2020-10-23	Common Stock	M	12011	$138.03	Acquired	56678.3563	Direct
2020-10-23	Common Stock	S	9611	$170.3216	Disposed	47067.3563	Direct
2020-10-23	Common Stock	S	2400	$171.2884	Disposed	44667.3563	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-22	Stock Option (Right to Buy)	$138.03	M	3259	Disposed	2026-02-11	Common Stock (3259)	Direct
2020-10-23	Stock Option (Right to Buy)	$138.03	M	12011	Disposed	2026-02-11	Common Stock (12011)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (42000)	42000	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (42000)	42000	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (28646)	28646	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (25750)	25750	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (25750)	25750	Direct
Restricted Stock Units	$		Common Stock (2597)	2597	Direct
Restricted Stock Units	$		Common Stock (2946)	2946	Direct
Performance Units	$		Common Stock (3326)	3326	Direct
Performance Units	$		Common Stock (3104)	3104	Direct
Performance Units	$		Common Stock (2947)	2947	Direct

Footnotes

F1: The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan.

F2: Includes 0.1185 shares acquired under a dividend reinvestment plan.

F3: This transaction was executed in multiple trades at prices ranging from $169.90 to $169.99. 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.

F4: This transaction was executed in multiple trades at prices ranging from $169.90 to $170.83. 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.

F5: This transaction was executed in multiple trades at prices ranging from $170.90 to $171.625. 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.

F6: Option fully vested.

F7: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.

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

F9: 1 for 1.

F10: 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.

F11: The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2020. Assuming continued employment through the end of fiscal 2022, 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.

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.

F14: If the Company achieves certain goals over the 2020-2022 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.