Snap-on Inc — Director's Dealing 2021

Feb 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2021-02-11

Reporting Person: Strege Richard K (Vice President & Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-11	Stock Option (Right to Buy)	$189.89	A	3628	Acquired	2031-02-11	Common Stock (3628)	Direct
2021-02-11	Performance Units	$	A	1131	Acquired		Common Stock (1131)	Direct
2021-02-11	Restricted Stock Units	$	A	566	Acquired	2024-02-11	Common Stock (566)	Direct
2021-02-11	Performance Units	$	D	554	Disposed		Common Stock (554)	Direct
2021-02-11	Restricted Stock Units	$	D	668	Disposed		Common Stock (668)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2070.4195	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (3067)	3067	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (4774)	4774	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (5300)	5300	Direct
Performance Units	$		Common Stock (672)	672	Direct
Performance Units	$		Common Stock (668)	668	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.