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Filing Details

Accession Number:: 0001127602-20-032245
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-22 17:10:41
Reporting Period:: 2020-12-21

Accepted Time:: 2020-12-22 17:10:41
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	2020-12-21	41,650	$58.94	575,634	No	4	M	Direct
Common Stock	Disposition	2020-12-21	3,700	$166.14	571,934	No	4	S	Direct
Common Stock	Disposition	2020-12-21	4,098	$167.44	567,836	No	4	S	Direct
Common Stock	Disposition	2020-12-21	9,877	$168.08	557,959	No	4	S	Direct
Common Stock	Disposition	2020-12-21	8,174	$169.23	549,785	No	4	S	Direct
Common Stock	Disposition	2020-12-21	742	$169.82	549,043	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
No	4	S	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	2020-12-21	41,650	$0.00	41,650	$58.94

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2021-02-09	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	772	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)	$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		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	Stock Option (Right to Buy)	$155.34	2021-02-13	2030-02-13	83,059	83,059	Direct
Common Stock	Restricted Stock Units	$0.00			8,367	8,367	Direct
Common Stock	Restricted Stock Units	$0.00			10,033	10,033	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	Performance Units	$0.00			10,033	10,033	Direct
Common Stock	Deferred Stock Units	$0.00			22,942	22,942	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
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
2030-02-13	83,059	83,059	Direct
	8,367	8,367	Direct
	10,033	10,033	Direct
	10,714	10,714	Direct
	10,568	10,568	Direct
	10,033	10,033	Direct
	22,942	22,942	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 2.8318 shares acquired under a dividend reinvestment plan.
This transaction was executed in multiple trades at prices ranging from $165.63 to $166.54. 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 $166.69 to $167.68. 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 $167.70 to $168.69. 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 $168.75 to $169.74. 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 $169.75 to $170.02. 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 September 30, 2020.
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 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 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.
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.
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.
Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.