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Filing Details

Accession Number:: 0001127602-19-028890
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-09-20 16:50:45
Reporting Period:: 2019-09-19

Accepted Time:: 2019-09-20 16:50:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
91440	Snap-On Inc	SNA	Cutlery, Handtools & General Hardware (3420)	390622040

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1246136	T Nicholas Pinchuk	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Chairman, President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2019-09-19	33,333	$41.01	507,083	No	4	M	Direct
Common Stock	Disposition	2019-09-19	12,908	$155.19	494,175	No	4	S	Direct
Common Stock	Disposition	2019-09-19	6,767	$155.98	487,408	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2019-09-19	33,333	$0.00	33,333	$41.01

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
33,333		2020-02-10	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	743	Indirect	By 401(k) Plan

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$58.94		2021-02-09	125,000	125,000	Direct
Common Stock	Stock Option (Right to Buy)	$60.00		2022-02-08	125,000	125,000	Direct
Common Stock	Stock Option (Right to Buy)	$79.04		2023-02-13	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$109.43		2024-02-13	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$144.69		2025-02-12	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$138.03		2026-02-11	135,000	135,000	Direct
Common Stock	Stock Option (Right to Buy)	$168.70	2018-02-09	2027-02-09	135,000	135,000	Direct
Common Stock	Stock Option (Right to Buy)	$161.18	2019-02-15	2028-02-15	92,288	92,288	Direct
Common Stock	Stock Option (Right to Buy)	$155.92	2020-02-14	2029-02-14	83,059	83,059	Direct
Common Stock	Restricted Stock Units	$0.00			3,610	3,610	Direct
Common Stock	Restricted Stock Units	$0.00			8,367	8,367	Direct
Common Stock	Restricted Stock Units	$0.00			10,567	10,567	Direct
Common Stock	Performance Units	$0.00			9,577	9,577	Direct
Common Stock	Performance Units	$0.00			10,714	10,714	Direct
Common Stock	Performance Units	$0.00			10,568	10,568	Direct
Common Stock	Deferred Stock Units	$0.00			22,156	22,156	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-02-09	125,000	125,000	Direct
2022-02-08	125,000	125,000	Direct
2023-02-13	130,000	130,000	Direct
2024-02-13	130,000	130,000	Direct
2025-02-12	130,000	130,000	Direct
2026-02-11	135,000	135,000	Direct
2027-02-09	135,000	135,000	Direct
2028-02-15	92,288	92,288	Direct
2029-02-14	83,059	83,059	Direct
	3,610	3,610	Direct
	8,367	8,367	Direct
	10,567	10,567	Direct
	9,577	9,577	Direct
	10,714	10,714	Direct
	10,568	10,568	Direct
	22,156	22,156	Direct

Footnotes

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.
Includes 1.2018 shares acquired under a dividend reinvestment plan.
This transaction was executed in multiple trades at prices ranging from $154.71 to $155.70. 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.
This transaction was executed in multiple trades at prices ranging from $155.79 to $156.37. 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.
This information is based on a plan statement dated June 30, 2019.
Option fully vested.
Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.
Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
1 for 1.
The restricted stock units were earned based on Company performance during fiscal 2017. Assuming continued employment through the end of fiscal 2019, the units will then vest in one installment and the shares will be issued shortly thereafter.
The restricted stock units were earned based on Company performance during fiscal 2018. Assuming continued employment through the end of fiscal 2020, the units will then vest in one installment and the shares will be issued shortly thereafter.
The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2019. Assuming continued employment through the end of fiscal 2021, 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.
If the Company achieves certain goals over the 2017-2019 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.
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.
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.
Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.