Snap-on Inc — Director's Dealing 2021

Aug 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2021-08-11

Reporting Person: PINCHUK NICHOLAS T (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-11	Common Stock	M	41500	$60.00	Acquired	612805.7626	Direct
2021-08-11	Common Stock	S	1300	$224.9617	Disposed	611505.7626	Direct
2021-08-11	Common Stock	S	6500	$225.96	Disposed	605005.7626	Direct
2021-08-11	Common Stock	S	2800	$227.132	Disposed	602205.7626	Direct
2021-08-11	Common Stock	S	11950	$228.0381	Disposed	590255.7626	Direct
2021-08-11	Common Stock	S	1942	$228.9802	Disposed	588313.7626	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-11	Stock Option (Right to Buy)	$60.00	M	41500	Disposed	2022-02-08	Common Stock (41500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	780.8741	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$79.04	2023-02-13	Common Stock (130000)	130000	Direct
Stock Option (Right to Buy)	$109.43	2024-02-13	Common Stock (130000)	130000	Direct
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (130000)	130000	Direct
Stock Option (Right to Buy)	$138.03	2026-02-11	Common Stock (135000)	135000	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (135000)	135000	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (92288)	92288	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (83059)	83059	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (83059)	83059	Direct
Stock Option (Right to Buy)	$189.89	2031-02-11	Common Stock (40687)	40687	Direct
Restricted Stock Units	$	2024-02-11	Common Stock (6344)	6344	Direct
Performance Units	$		Common Stock (10568)	10568	Direct
Performance Units	$		Common Stock (10033)	10033	Direct
Performance Units	$		Common Stock (19033)	19033	Direct
Deferred Stock Units	$		Common Stock (23345.6263)	23345.6263	Direct

Footnotes

F1: The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan.

F2: Includes 1.0472 shares acquired under a dividend reinvestment plan.

F3: This transaction was executed in multiple trades at prices ranging from $224.36 to $225.35. 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 $225.40 to $226.39. 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 $226.51 to $227.49. 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: This transaction was executed in multiple trades at prices ranging from $227.51 to $228.46. 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.

F7: This transaction was executed in multiple trades at prices ranging from $228.52 to $229.3342. 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.

F8: This information is based on a plan statement dated June 30, 2021.

F9: Option fully vested.

F10: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.

F11: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F12: 1 for 1.

F13: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

F14: 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.

F15: 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.

F16: If the Company achieves certain goals over the 2021-2023 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.

F17: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.