Snap-on Inc — Director's Dealing 2021

Jan 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2021-01-02

Reporting Person: Miller Richard Thomas (VP, Gen Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-02	Common Stock	M	323	—	Acquired	1489.7524	Direct
2021-01-02	Common Stock	F	113	$171.14	Disposed	1376.7524	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-02	Restricted Stock Units	$	M	323	Disposed		Common Stock (323)	Direct
2021-01-02	Restricted Stock Units	$	M	15	Disposed		Common Stock (15)	Direct
2021-01-02	Deferred Stock Units	$	M	15	Acquired		Common Stock (15)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$79.04	2023-02-13	Common Stock (1000)	1000	Direct
Stock Option (Right to Buy)	$109.43	2024-02-13	Common Stock (3500)	3500	Direct
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (4000)	4000	Direct
Stock Option (Right to Buy)	$138.03	2026-02-11	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (4750)	4750	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (3728)	3728	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (4700)	4700	Direct
Restricted Stock Units	$		Common Stock (546)	546	Direct
Performance Units	$		Common Stock (433)	433	Direct
Performance Units	$		Common Stock (576)	576	Direct
Performance Units	$		Common Stock (547)	547	Direct

Footnotes

F1: The restricted stock units were earned based on Company performance during fiscal 2018 and vested in one installment based on continued employment through the end of 2020; the reporting person elected to defer the receipt of a portion of the underlying shares.

F2: Includes 1.1806 shares acquired under a dividend reinvestment plan.

F3: Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.

F4: 1 for 1.

F5: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.

F6: This information is based on a plan statement dated September 30, 2020, as updated by the transaction being reported.

F7: Option fully vested.

F8: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

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.