Sec Form 4 Filing - Chambers Timothy L @ Snap-on Inc - 2022-02-10

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
Chambers Timothy L
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)
Sr VP & Pres - Tools
(Last) (First) (Middle)
SNAP-ON INCORPORATED, 2801 80TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
02/10/2022
(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 02/10/2022 M( 1 ) 1,608 A 12,341.2142( 2 ) D
Common Stock 02/10/2022 F( 3 ) 750 D $ 211.67 11,591.2142 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
Performance Units ( 4 ) 02/10/2022 A( 1 ) 168 ( 1 ) ( 1 ) Common Stock 168 ( 1 ) 1,608 D
Performance Units ( 4 ) 02/10/2022 M( 1 ) 1,608 ( 1 ) ( 1 ) Common Stock 1,608 ( 1 ) 0 D
Stock Option (Right to Buy) $ 211.67 02/10/2022 A 8,003 02/10/2023( 5 ) 02/10/2032 Common Stock 8,003 $ 0( 6 ) 8,003 D
Restricted Stock Units ( 4 ) 02/10/2022 A 1,368 02/10/2025( 7 ) 02/10/2025( 7 ) Common Stock 1,368 $ 0 1,368 D
Performance Units ( 4 ) 02/10/2022 A 2,736 ( 8 ) ( 8 ) Common Stock 2,736 $ 0 2,736 D
Stock Option (Right to Buy) $ 79.04 ( 9 ) 02/13/2023 Common Stock 6,500 6,500 D
Stock Option (Right to Buy) $ 109.43 ( 9 ) 02/13/2024 Common Stock 7,000 7,000 D
Stock Option (Right to Buy) $ 144.69 ( 9 ) 02/12/2025 Common Stock 7,000 7,000 D
Stock Option (Right to Buy) $ 138.03 ( 9 ) 02/11/2026 Common Stock 8,000 8,000 D
Stock Option (Right to Buy) $ 168.7 ( 9 ) 02/09/2027 Common Stock 9,500 9,500 D
Stock Option (Right to Buy) $ 161.18 ( 9 ) 02/15/2028 Common Stock 7,594 7,594 D
Stock Option (Right to Buy) $ 155.92 02/14/2020( 5 ) 02/14/2029 Common Stock 12,000 12,000 D
Stock Option (Right to Buy) $ 155.34 02/13/2021( 5 ) 02/13/2030 Common Stock 13,500 13,500 D
Stock Option (Right to Buy) $ 189.89 02/11/2022( 5 ) 02/11/2031 Common Stock 9,672 9,672 D
Restricted Stock Units ( 4 ) 02/11/2024( 7 ) 02/11/2024( 7 ) Common Stock 1,508 1,508 D
Performance Units ( 4 ) ( 10 ) ( 10 ) Common Stock 1,671 1,671 D
Performance Units ( 4 ) ( 11 ) ( 11 ) Common Stock 3,016 3,016 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chambers Timothy L
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA, WI53143
Sr VP & Pres - Tools
Signatures
/s/ Ryan S. Lovitz under Power of Attorney for Timothy L. Chambers 02/14/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Based on Company performance during the 2019-2021 period, approximately 111.7% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).
( 2 )Includes 202.7082 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan, 7.2793 shares acquired under a dividend reinvestment plan, and a correction of 70 shares to the historical balance.
( 3 )Shares were withheld to cover tax withholding upon the vesting of performance units.
( 4 )1 for 1.
( 5 )Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
( 6 )This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
( 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 2022-2024 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 )Option fully vested.
( 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 )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.

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