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Snap-on Inc — Director's Dealing 2021
Feb 16, 2021
30335_dirs_2021-02-16_8a78e82e-39c5-478e-83bd-f376b95b6a60.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2021-02-11
Reporting Person: Ward Thomas J (Sr VP & President - RS&I Group)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-11 | Stock Option (Right to Buy) | $189.89 | A | 15275 | Acquired | 2031-02-11 | Common Stock (15275) | Direct |
| 2021-02-11 | Performance Units | $ | A | 4764 | Acquired | Common Stock (4764) | Direct | |
| 2021-02-11 | Restricted Stock Units | $ | A | 2381 | Acquired | 2024-02-11 | Common Stock (2381) | Direct |
| 2021-02-11 | Performance Units | $ | D | 3326 | Disposed | Common Stock (3326) | Direct | |
| 2021-02-11 | Restricted Stock Units | $ | D | 2946 | Disposed | Common Stock (2946) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 45543.3925 | 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 |
| Performance Units | $ | Common Stock (3104) | 3104 | Direct | |
| Performance Units | $ | Common Stock (2947) | 2947 | Direct |
Footnotes
F1: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F2: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F3: 1 for 1.
F4: 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.
F5: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F6: Based on Company performance during the 2018-2020 period, the performance units did not vest and, as a result, were forfeited.
F7: Based on the Company's performance during fiscal 2020, the restricted stock units granted in fiscal 2020 were not earned and, as a result, the awards were forfeited.
F8: Option fully vested.
F9: 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.
F10: 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.