Snap-on Inc — Director's Dealing 2020

Feb 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2020-02-13

Reporting Person: Banerjee Anup R (Sr VP & Chief Devel. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-13	Common Stock	M	1170	—	Acquired	1712	Direct
2020-02-13	Common Stock	F	499	$155.34	Disposed	1213	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-13	Performance Units	$	D	717	Disposed		Common Stock (717)	Direct
2020-02-13	Performance Units	$	M	1170	Disposed		Common Stock (1170)	Direct
2020-02-13	Restricted Stock Units	$	D	2575	Disposed		Common Stock (2575)	Direct
2020-02-13	Stock Option (Right to Buy)	$155.34	A	20250	Acquired	2030-02-13	Common Stock (20250)	Direct
2020-02-13	Restricted Stock Units	$	A	2445	Acquired		Common Stock (2445)	Direct
2020-02-13	Performance Units	$	A	2445	Acquired		Common Stock (2445)	Direct

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 (9000)	9000	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (28000)	28000	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (22489)	22489	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (20250)	20250	Direct
Restricted Stock Units	$		Common Stock (2038)	2038	Direct
Performance Units	$		Common Stock (2611)	2611	Direct
Performance Units	$		Common Stock (2576)	2576	Direct
Deferred Stock Units	$		Common Stock (7457.0911)	7457.0911	Direct

Footnotes

F1: Based on Company performance during the 2017-2019 period, approximately 62.0% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).

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

F3: 1 for 1.

F4: Based on the Company's performance during fiscal 2019, the restricted stock units granted in fiscal 2019 were not earned and, as a result, the awards were forfeited.

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

F6: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

F7: 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.

F8: 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.

F9: Option fully vested.

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: 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.

F14: This information is based on a plan statement dated December 31, 2019.