Statement of Changes in Beneficial Ownership (4)
May 05 2021 - 5:58PM
Edgar (US Regulatory)
FORM 4
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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
*
Pagliari Aldo John |
2. Issuer Name and Ticker or Trading Symbol
Snap-on Inc
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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) Sr VP - Finance & CFO |
(Last)
(First)
(Middle)
SNAP-ON INCORPORATED, 2801 80TH STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/4/2021 |
(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 | 5/4/2021 | | M | | 7439 | A | $79.04 | 66006.3839 (1) | D | |
Common Stock | 5/4/2021 | | S | | 7439 | D | $243.0204 (2) | 58567.3839 | D | |
Common Stock | 5/5/2021 | | M | | 61 | A | $79.04 | 58628.3839 | D | |
Common Stock | 5/5/2021 | | S | | 61 | D | $242.90 | 58567.3839 | 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) | $79.04 | 5/4/2021 | | M | | | 7439 | (3) | 2/13/2023 | Common Stock | 7439 | (4) | 22561 | D | |
Stock Option (Right to Buy) | $79.04 | 5/5/2021 | | M | | | 61 | (3) | 2/13/2023 | Common Stock | 61 | (4) | 22500 | D | |
Stock Option (Right to Buy) | $60.00 | | | | | | | (3) | 2/8/2022 | Common Stock | 24000 | | 24000 | D | |
Stock Option (Right to Buy) | $109.43 | | | | | | | (3) | 2/13/2024 | Common Stock | 33000 | | 33000 | D | |
Stock Option (Right to Buy) | $144.69 | | | | | | | (3) | 2/12/2025 | Common Stock | 34000 | | 34000 | D | |
Stock Option (Right to Buy) | $138.03 | | | | | | | (3) | 2/11/2026 | Common Stock | 35000 | | 35000 | D | |
Stock Option (Right to Buy) | $168.70 | | | | | | | (3) | 2/9/2027 | Common Stock | 36000 | | 36000 | D | |
Stock Option (Right to Buy) | $161.18 | | | | | | | (3) | 2/15/2028 | Common Stock | 26052 | | 26052 | D | |
Stock Option (Right to Buy) | $155.92 | | | | | | | 2/14/2020 (5) | 2/14/2029 | Common Stock | 23500 | | 23500 | D | |
Stock Option (Right to Buy) | $155.34 | | | | | | | 2/13/2021 (5) | 2/13/2030 | Common Stock | 23500 | | 23500 | D | |
Stock Option (Right to Buy) | $189.89 | | | | | | | 2/11/2022 (5) | 2/11/2031 | Common Stock | 14986 | | 14986 | D | |
Restricted Stock Units | (6) | | | | | | | 2/11/2024 (7) | 2/11/2024 (7) | Common Stock | 2337 | | 2337 | D | |
Performance Units | (6) | | | | | | | (8) | (8) | Common Stock | 2992 | | 2992 | D | |
Performance Units | (6) | | | | | | | (9) | (9) | Common Stock | 2840 | | 2840 | D | |
Performance Units | (6) | | | | | | | (10) | (10) | Common Stock | 4673 | | 4673 | D | |
Explanation of Responses: |
(1) | Includes 13.5020 shares acquired under a dividend reinvestment plan. |
(2) | This transaction was executed in multiple trades at prices ranging from $242.90 to $243.51. 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. |
(3) | Option fully vested. |
(4) | Exercise of Rule 16b-3 stock option. |
(5) | Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. |
(6) | 1 for 1. |
(7) | The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment. |
(8) | 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. |
(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) | 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Pagliari Aldo John SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA, WI 53143 |
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| Sr VP - Finance & CFO |
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Signatures
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/s/ Ryan S. Lovitz under Power of Attorney for Aldo J. Pagliari | | 5/5/2021 |
**Signature of Reporting Person | Date |
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