FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

PINCHUK NICHOLAS T
2. Issuer Name and Ticker or Trading Symbol

Snap-on Inc [ SNA ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman, President and CEO
(Last)          (First)          (Middle)

SNAP-ON INCORPORATED, 2801 80TH STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

2/13/2020
(Street)

KENOSHA, WI 53143
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2/13/2020  M(1)  5938 A (1)509432.6546 D  
Common Stock 2/13/2020  F(2)  2611 D$155.34 506821.6546 D  
Common Stock         751.694 (3)I By 401(k) Plan 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Units  (4)2/13/2020  D (1)    3639   (1) (1)Common Stock 3639  (1)5938 D  
Performance Units  (4)2/13/2020  M (1)    5938   (1) (1)Common Stock 5938  (1)0 D  
Restricted Stock Units  (4)2/13/2020  D (5)    10567   (5) (5)Common Stock 10567  (5)0 D  
Stock Option (Right to Buy) $155.34 2/13/2020  A   83059    2/13/2021 (6)2/13/2030 Common Stock 83059 $0 (7)83059 D  
Restricted Stock Units  (4)2/13/2020  A   10033     (8) (8)Common Stock 10033 $0 10033 D  
Performance Units  (4)2/13/2020  A   10033     (9) (9)Common Stock 10033 $0 10033 D  
Stock Option (Right to Buy) $58.94            (10)2/9/2021 Common Stock 125000  125000 D  
Stock Option (Right to Buy) $60.00            (10)2/8/2022 Common Stock 125000  125000 D  
Stock Option (Right to Buy) $79.04            (10)2/13/2023 Common Stock 130000  130000 D  
Stock Option (Right to Buy) $109.43            (10)2/13/2024 Common Stock 130000  130000 D  
Stock Option (Right to Buy) $144.69            (10)2/12/2025 Common Stock 130000  130000 D  
Stock Option (Right to Buy) $138.03            (10)2/11/2026 Common Stock 135000  135000 D  
Stock Option (Right to Buy) $168.70            (10)2/9/2027 Common Stock 135000  135000 D  
Stock Option (Right to Buy) $161.18           2/15/2019 (6)2/15/2028 Common Stock 92288  92288 D  
Stock Option (Right to Buy) $155.92           2/14/2020 (6)2/14/2029 Common Stock 83059  83059 D  
Restricted Stock Units  (4)           (11) (11)Common Stock 8367  8367 D  
Performance Units  (4)           (12) (12)Common Stock 10714  10714 D  
Performance Units  (4)           (13) (13)Common Stock 10568  10568 D  
Deferred Stock Units  (4)           (14) (14)Common Stock 22435.0535 (3) 22435.0535 (3)D  

Explanation of Responses:
(1) Based on Company performance during the 2017-2019 period, approximately 62.0% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).
(2) Shares were withheld to cover tax withholding upon the vesting of performance units.
(3) This information is based on a plan statement dated December 31, 2019.
(4) 1 for 1.
(5) Based on the Company's performance during fiscal 2019, the restricted stock units granted in fiscal 2019 were not earned and, as a result, the awards were forfeited.
(6) Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
(7) This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
(8) 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.
(9) 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.
(10) Option fully vested.
(11) 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.
(12) 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.
(13) 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.
(14) Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
PINCHUK NICHOLAS T
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA, WI 53143
X
Chairman, President and CEO

Signatures
/s/ Ryan S. Lovitz under Power of Attorney for Nicholas T. Pinchuk2/18/2020
**Signature of Reporting PersonDate

Snap on (NYSE:SNA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Snap on Charts.
Snap on (NYSE:SNA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Snap on Charts.