Statement of Changes in Beneficial Ownership (4)
May 05 2021 - 5:56PM
Edgar (US Regulatory)
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
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Miller Richard Thomas |
2. Issuer Name and Ticker or Trading Symbol
Snap-on Inc
[
SNA
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP, Gen Counsel & Secretary |
(Last)
(First)
(Middle)
2801 80TH STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/5/2021 |
(Street)
KENOSHA, WI 53143
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 5/5/2021 | | M(1) | | 2000 | A | $144.69 | 3377.7454 | D | |
Common Stock | 5/5/2021 | | S(1) | | 2000 | D | $244.69 | 1377.7454 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (Right to Buy) | $144.69 | 5/5/2021 | | M (1) | | | 2000 | (2) | 2/12/2025 | Common Stock | 2000 | (3) | 2000 | D | |
Stock Option (Right to Buy) | $138.03 | | | | | | | (2) | 2/11/2026 | Common Stock | 4500 | | 4500 | D | |
Stock Option (Right to Buy) | $168.70 | | | | | | | (2) | 2/9/2027 | Common Stock | 4750 | | 4750 | D | |
Stock Option (Right to Buy) | $161.18 | | | | | | | (2) | 2/15/2028 | Common Stock | 3728 | | 3728 | D | |
Stock Option (Right to Buy) | $155.92 | | | | | | | 2/14/2020 (4) | 2/14/2029 | Common Stock | 4500 | | 4500 | D | |
Stock Option (Right to Buy) | $155.34 | | | | | | | 2/13/2021 (4) | 2/13/2030 | Common Stock | 4700 | | 4700 | D | |
Stock Option (Right to Buy) | $189.89 | | | | | | | 2/11/2022 (4) | 2/11/2031 | Common Stock | 2815 | | 2815 | D | |
Restricted Stock Units | (5) | | | | | | | 2/11/2024 (6) | 2/11/2024 (6) | Common Stock | 439 | | 439 | D | |
Performance Units | (5) | | | | | | | (7) | (7) | Common Stock | 576 | | 576 | D | |
Performance Units | (5) | | | | | | | (8) | (8) | Common Stock | 547 | | 547 | D | |
Performance Units | (5) | | | | | | | (9) | (9) | Common Stock | 878 | | 878 | D | |
Deferred Stock Units | (5) | | | | | | | (10) | (10) | Common Stock | 54.6379 | | 54.6379 | D | |
Explanation of Responses: |
(1) | The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan. |
(2) | Option fully vested. |
(3) | Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan. |
(4) | Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. |
(5) | 1 for 1. |
(6) | The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment. |
(7) | 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. |
(8) | 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. |
(9) | If the Company achieves certain goals over the 2021-2023 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) | Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Miller Richard Thomas 2801 80TH STREET KENOSHA, WI 53143 |
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| VP, Gen Counsel & Secretary |
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Signatures
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/s/ Ryan S. Lovitz under Power of Attorney for Richard Thomas Miller | | 5/5/2021 |
**Signature of Reporting Person | Date |
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