X0306 4 2017-02-09 0000091440 SNAP-ON Inc SNA 0001268556 Johnsen Constance SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 Vice President and Controller Common Stock 2017-02-09 4 M 0 911 A 2848 D Common Stock 2017-02-09 4 F 0 325 168.70 D 2523 D Performance Units 2017-02-09 4 A 0 57 A Common Stock 57 911 D Performance Units 2017-02-09 4 M 0 911 D Common Stock 911 0 D Restricted Stock Units 2017-02-09 4 A 0 100 A Common Stock 100 718 D Stock Option (Right to Buy) 168.70 2017-02-09 4 A 0 9000 0 A 2018-02-09 2027-02-09 Common Stock 9000 9000 D Performance Units 2017-02-09 4 A 0 610 0 A Common Stock 610 610 D Restricted Stock Units 2017-02-09 4 A 0 609 0 A Common Stock 609 609 D Stock Option (Right to Buy) 109.43 2015-02-13 2024-02-13 Common Stock 2500 2500 D Stock Option (Right to Buy) 144.69 2016-02-12 2025-02-12 Common Stock 8000 8000 D Stock Option (Right to Buy) 138.03 2017-02-11 2026-02-11 Common Stock 8500 8500 D Restricted Stock Units Common Stock 1003 1003 D Performance Units Common Stock 729 729 D Performance Units Common Stock 618 618 D Deferred Stock Units Common Stock 1108 1108 D Based on Company performance during the 2014-2016 period, approximately 106.7% 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). Shares were withheld to cover tax withholding upon the vesting of performance units. 1 for 1. Based on Company performance during fiscal 2016, approximately 116.2% of the restricted stock units originally granted were earned (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number of units originally reported, subject to plan limits). Assuming continued employment through the end of fiscal 2018, the units will then vest in one installment and the shares will be issued shortly thereafter. Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option. 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. The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2017. Assuming continued employment through the end of fiscal 2019, 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. The restricted stock units were earned based on Company performance during fiscal 2015. Assuming continued employment through the end of fiscal 2017, the units will then vest in one installment and the shares will be issued shortly thereafter. If the Company achieves certain goals over the 2015-2017 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. 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. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment. /s/ Ryan S. Lovitz under Power of Attorney for Constance R. Johnsen 2017-02-10