Sec Form 4 Filing - PINCHUK NICHOLAS T @ Snap-on Inc - 2020-12-21

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

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

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/YY) 12/21/2020 (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 12/21/2020 M( 1 ) 41,650 A $ 58.94 575,633.5541 ( 2 ) D Common Stock 12/21/2020 S( 1 ) 3,700 D $ 166.1405 ( 3 ) 571,933.5541 D Common Stock 12/21/2020 S( 1 ) 4,098 D $ 167.4379 ( 4 ) 567,835.5541 D Common Stock 12/21/2020 S( 1 ) 9,877 D $ 168.0803 ( 5 ) 557,958.5541 D Common Stock 12/21/2020 S( 1 ) 8,174 D $ 169.2328 ( 6 ) 549,784.5541 D Common Stock 12/21/2020 S( 1 ) 742 D $ 169.8229 ( 7 ) 549,042.5541 D Common Stock 771.9721 ( 8 ) I By 401(k) Plan

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 Stock Option (Right to Buy) $ 58.94 12/21/2020 M( 1 ) 41,650 ( 9 ) 02/09/2021 Common Stock 41,650 ( 10 ) 0 D Stock Option (Right to Buy) $ 60 ( 9 ) 02/08/2022 Common Stock 125,000 125,000 D Stock Option (Right to Buy) $ 79.04 ( 9 ) 02/13/2023 Common Stock 130,000 130,000 D Stock Option (Right to Buy) $ 109.43 ( 9 ) 02/13/2024 Common Stock 130,000 130,000 D Stock Option (Right to Buy) $ 144.69 ( 9 ) 02/12/2025 Common Stock 130,000 130,000 D Stock Option (Right to Buy) $ 138.03 ( 9 ) 02/11/2026 Common Stock 135,000 135,000 D Stock Option (Right to Buy) $ 168.7 ( 9 ) 02/09/2027 Common Stock 135,000 135,000 D Stock Option (Right to Buy) $ 161.18 02/15/2019( 11 ) 02/15/2028 Common Stock 92,288 92,288 D Stock Option (Right to Buy) $ 155.92 02/14/2020( 11 ) 02/14/2029 Common Stock 83,059 83,059 D Stock Option (Right to Buy) $ 155.3 4 02/13/2021( 11 ) 02/13/2030 Common Stock 83,059 83,059 D Restricted Stock Units ( 12 ) ( 13 ) ( 13 ) Common Stock 8,367 8,367 D Restricted Stock Units ( 12 ) ( 14 ) ( 14 ) Common Stock 10,033 10,033 D Performance Units ( 12 ) ( 15 ) ( 15 ) Common Stock 10,714 10,714 D Performance Units ( 12 ) ( 16 ) ( 16 ) Common Stock 10,568 10,568 D Performance Units ( 12 ) ( 17 ) ( 17 ) Common Stock 10,033 10,033 D Deferred Stock Units ( 12 ) ( 18 ) ( 18 ) Common Stock 22,941.9322 ( 8 ) 22,941.9322 ( 8 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other PINCHUK NICHOLAS T SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA, WI53143 X Chairman, President and CEO Signatures /s/ Ryan S. Lovitz under Power of Attorney for Nicholas T. Pinchuk 12/22/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )Includes 2.8318 shares acquired under a dividend reinvestment plan. ( 3 )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. ( 4 )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. ( 5 )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. ( 6 )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. ( 7 )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. ( 8 )This information is based on a plan statement dated September 30, 2020. ( 9 )Option fully vested. ( 10 )Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan. ( 11 )Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. ( 12 )1 for 1. ( 13 )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. ( 14 )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. ( 15 )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. ( 16 )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. ( 17 )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. ( 18 )Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.