Sec Form 4 Filing - Strege Richard K @ SNAP-ON Inc - 2018-12-29

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Strege Richard K
2. Issuer Name and Ticker or Trading Symbol
SNAP-ON Inc [ SNA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Vice President & Controller
(Last) (First) (Middle)
SNAP-ON INCORPORATED, 2801 80TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
12/29/2018
(Street)
KENOSHA, WI53143
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 12/29/2018 M( 1 ) 11 A 1,454.7854 ( 2 ) D
Common Stock 12/29/2018 F( 3 ) 11 D $ 144.25 1,443.7854 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Restricted Stock Units ( 4 ) 12/29/2018 M( 1 ) 11 ( 1 ) ( 1 ) Common Stock 11 ( 1 ) 402 D
Restricted Stock Units ( 4 ) 12/29/2018 M( 1 ) 402 ( 1 ) ( 1 ) Common Stock 402 ( 1 ) 0 D
Deferred Stock Units ( 4 ) 12/29/2018 M( 1 ) 402 ( 5 ) ( 5 ) Common Stock 402 ( 1 ) 2,635.0102 ( 6 ) D
Stock Option (Right to Buy) $ 144.69 ( 7 ) 02/12/2025 Common Stock 3,067 3,067 D
Stock Option (Right to Buy) $ 138.03 02/11/2017( 8 ) 02/11/2026 Common Stock 4,800 4,800 D
Stock Option (Right to Buy) $ 168.7 02/09/2018( 8 ) 02/09/2027 Common Stock 5,000 5,000 D
Stock Option (Right to Buy) $ 161.18 02/15/2019( 8 ) 02/15/2028 Common Stock 4,774 4,774 D
Restricted Stock Units ( 4 ) ( 9 ) ( 9 ) Common Stock 131 131 D
Restricted Stock Units ( 4 ) ( 10 ) ( 10 ) Common Stock 554 554 D
Performance Units ( 4 ) ( 11 ) ( 11 ) Common Stock 356 356 D
Performance Units ( 4 ) ( 12 ) ( 12 ) Common Stock 348 348 D
Performance Units ( 4 ) ( 13 ) ( 13 ) Common Stock 554 554 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Strege Richard K
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA, WI53143
Vice President & Controller
Signatures
/s/ Ryan S. Lovitz under Power of Attorney for Richard K. Strege 01/02/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The restricted stock units were earned based on Company performance during fiscal 2016 and vested in one installment based on continued employment through the end of fiscal 2018; the reporting person elected to defer the receipt of a portion of the underlying shares.
( 2 )Includes 4.0142 shares acquired under a dividend reinvestment plan.
( 3 )Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
( 4 )1 for 1.
( 5 )Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
( 6 )This information is based on a plan statement dated September 30, 2018, as updated by the transaction being reported.
( 7 )Option fully vested.
( 8 )Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
( 9 )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.
( 10 )The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2018. Assuming continued employment through the end of fiscal 2020, 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.
( 11 )If the Company achieves certain goals over the 2016-2018 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.
( 12 )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.
( 13 )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.

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