Jesus Arregui Form 3 SNAP-ON / Jesus Arregui ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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^*

Arregui Jesus

(Last)

(First)

(Middle)

SNAP-ON INCORPORATED

2801 80TH STREET

(Street)

KENOSHA

53143

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/25/2019

3. Issuer Name and Ticker or Trading Symbol
SNAP-ON Inc [ SNA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr VP & President - Commercial

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	344	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	⁽¹⁾	⁽¹⁾	Common Stock	131	⁽²⁾	D
Restricted Stock Units	⁽³⁾	⁽³⁾	Common Stock	514	⁽²⁾	D
Restricted Stock Units	⁽⁴⁾	⁽⁴⁾	Common Stock	1,439	⁽²⁾	D
Performance Units	⁽⁵⁾	⁽⁵⁾	Common Stock	348	⁽²⁾	D
Performance Units	⁽⁶⁾	⁽⁶⁾	Common Stock	659	⁽²⁾	D
Performance Units	⁽⁷⁾	⁽⁷⁾	Common Stock	1,440	⁽²⁾	D
Stock Appreciation Rights	⁽⁸⁾	02/13/2023	Common Stock	1,600	79.04	D
Stock Appreciation Rights	⁽⁸⁾	02/13/2024	Common Stock	3,466	109.43	D
Stock Appreciation Rights	⁽⁸⁾	02/12/2025	Common Stock	5,500	144.69	D
Stock Appreciation Rights	⁽⁸⁾	02/11/2026	Common Stock	6,500	138.03	D
Stock Appreciation Rights	02/09/2018⁽⁹⁾	02/09/2027	Common Stock	7,500	168.7	D
Stock Appreciation Rights	02/15/2019⁽⁹⁾	02/15/2028	Common Stock	5,674	161.18	D
Stock Appreciation Rights	02/14/2020⁽⁹⁾	02/14/2029	Common Stock	12,000	155.92	D

Explanation of Responses:

1. 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.

2. 1 for 1.

3. 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.

4. The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2019. Assuming continued employment through the end of fiscal 2021, 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.

5. 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.

6. 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.

7. 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.

8. Stock appreciation rights grant fully vested.

9. Original stock appreciation rights grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

	/s/ Ryan S. Lovitz under Power of Attorney for Jesus Arregui	05/03/2019
	** Signature of Reporting Person	Date
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 5 (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.

Jesus Arregui Form 3SNAP-ON / Jesus Arregui ownership change