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Sec Form 4 Filing - Miller Richard Thomas @ Snap-on Inc - 2021-02-11

  1. About Form 4 Filing: Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The Annual Statement of beneficial ownership of securities is on Form 5. The forms contain information on the reporting person's relationship to the company and on purchases and sales of such equity securities.
  2. Form 4 is stored in SEC's EDGAR database. EDGAR is Electronic Data Gathering, Analysis and Retrieval System. It is a registered trademark of the SEC.

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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 *
Miller Richard Thomas
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)
VP, Gen Counsel & Secretary
(Last)
(First)
(Middle)
2801 80TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
02/11/2021
(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 1,376.7524 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
Stock Option (Right to Buy) $ 189.89 02/11/2021 A 2,815 02/11/2022( 1 ) 02/11/2031 Common Stock 2,815 $ 0 ( 2 ) 2,815 D
Performance Units ( 3 ) 02/11/2021 A 878 ( 4 ) ( 4 ) Common Stock 878 $ 0 878 D
Restricted Stock Units ( 3 ) 02/11/2021 A 439 02/11/2024( 5 ) 02/11/2024( 5 ) Common Stock 439 $ 0 439 D
Performance Units ( 3 ) 02/11/2021 D( 6 ) 433 ( 6 ) ( 6 ) Common Stock 433 ( 6 ) 0 D
Restricted Stock Units ( 3 ) 02/11/2021 D( 7 ) 546 ( 7 ) ( 7 ) Common Stock 546 ( 7 ) 0 D
Stock Option (Right to Buy) $ 79.04 ( 8 ) 02/13/2023 Common Stock 1,000 1,000 D
Stock Option (Right to Buy) $ 109.43 ( 8 ) 02/13/2024 Common Stock 3,500 3,500 D
Stock Option (Right to Buy) $ 144.69 ( 8 ) 02/12/2025 Common Stock 4,000 4,000 D
Stock Option (Right to Buy) $ 138.03 ( 8 ) 02/11/2026 Common Stock 4,500 4,500 D
Stock Option (Right to Buy) $ 168.7 ( 8 ) 02/09/2027 Common Stock 4,750 4,750 D
Stock Option (Right to Buy) $ 161.18 02/15/2019( 1 ) 02/15/2028 Common Stock 3,728 3,728 D
Stock Option (Right to Buy) $ 155.92 02/14/2020( 1 ) 02/14/2029 Common Stock 4,500 4,500 D
Stock Option (Right to Buy) $ 155.34 02/13/2021( 1 ) 02/13/2030 Common Stock 4,700 4,700 D
Performance Units ( 3 ) ( 9 ) ( 9 ) Common Stock 576 576 D
Performance Units ( 3 ) ( 10 ) ( 10 ) Common Stock 547 547 D
Deferred Stock Units ( 3 ) ( 11 ) ( 11 ) Common Stock 54.3327 ( 12 ) 54.3327 ( 12 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Miller Richard Thomas
2801 80TH STREET
KENOSHA, WI53143
VP, Gen Counsel & Secretary
Signatures
/s/ Ryan S. Lovitz under Power of Attorney for Richard Thomas Miller 02/15/2021
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
( 2 )This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
( 3 )1 for 1.
( 4 )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.
( 5 )The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
( 6 )Based on Company performance during the 2018-2020 period, the performance units did not vest and, as a result, were forfeited.
( 7 )Based on the Company's performance during fiscal 2020, the restricted stock units granted in fiscal 2020 were not earned and, as a result, the awards were forfeited.
( 8 )Option fully vested.
( 9 )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.
( 10 )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.
( 11 )Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
( 12 )This information is based on a plan statement dated December 31, 2020, as updated by a transaction previously reported on the reporting person's January 2, 2021 Form 4.

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.