Snap-on Inc — Director's Dealing 2021

Feb 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2021-01-28

Reporting Person: Boyd Iain (VP - Operations Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-28	Common Stock	M	13500	$138.03	Acquired	18473.9201	Direct
2021-01-28	Common Stock	S	8325	$190.4976	Disposed	10148.9201	Direct
2021-01-28	Common Stock	S	5148	$191.2646	Disposed	5000.9201	Direct
2021-01-28	Common Stock	S	27	$192.35	Disposed	4973.9201	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-28	Stock Option (Right to Buy)	$138.03	M	13500	Disposed	2026-02-11	Common Stock (13500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	631.4568	Indirect

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)	$168.70	2027-02-09	Common Stock (13500)	13500	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (10344)	10344	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (9500)	9500	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (9600)	9600	Direct
Restricted Stock Units	$		Common Stock (1215)	1215	Direct
Performance Units	$		Common Stock (1201)	1201	Direct
Performance Units	$		Common Stock (1280)	1280	Direct
Performance Units	$		Common Stock (1215)	1215	Direct
Deferred Stock Units	$		Common Stock (354.3561)	354.3561	Direct

Footnotes

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

F2: This transaction was executed in multiple trades at prices ranging from $190.02 to $190.98. 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.

F3: This transaction was executed in multiple trades at prices ranging from $191.02 to $191.66. 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 information based on a plan statement dated December 31, 2020.

F5: Option fully vested.

F6: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.

F7: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F8: 1 for 1.

F9: 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.

F10: 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.

F11: 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.

F12: 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.

F13: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.