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Filing Details

Accession Number:: 0001127602-15-001264
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-01-06 18:03:21
Reporting Period:: 2015-01-03

Filing Date:: 2015-01-06
Accepted Time:: 2015-01-06 18:03:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
91440	Snap-On Inc	SNA	Cutlery, Handtools & General Hardware (3420)	390622040

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1246136	T Nicholas Pinchuk	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Chairman, President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-01-03	25,742	$0.00	243,591	No	4	M	Direct
Common Stock	Disposition	2015-01-03	10,734	$136.29	232,857	No	4	F	Direct
Common Stock	Disposition	2015-01-05	900	$135.45	231,957	No	4	S	Direct
Common Stock	Disposition	2015-01-05	200	$136.03	231,757	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2015-01-03	25,742	$0.00	25,742	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	686	Indirect	By 401(k) Plan

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$39.35	2008-02-16	2016-02-16	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$50.22	2010-02-15	2017-02-15	40,000	40,000	Direct
Common Stock	Stock Option (Right to Buy)	$51.75	2011-02-13	2018-02-13	99,000	99,000	Direct
Common Stock	Stock Option (Right to Buy)	$29.69	2012-02-11	2019-02-11	120,000	120,000	Direct
Common Stock	Stock Option (Right to Buy)	$41.01	2013-02-10	2020-02-10	120,000	120,000	Direct
Common Stock	Stock Option (Right to Buy)	$58.94	2014-02-09	2021-02-09	125,000	125,000	Direct
Common Stock	Stock Option (Right to Buy)	$60.00	2013-02-08	2022-02-08	125,000	125,000	Direct
Common Stock	Stock Option (Right to Buy)	$79.04	2014-02-13	2023-02-13	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$109.43	2015-02-13	2024-02-13	130,000	130,000	Direct
Common Stock	Restricted Stock Units	$0.00			22,783	22,783	Direct
Common Stock	Restricted Stock Units	$0.00			15,620	15,620	Direct
Common Stock	Performance Units	$0.00			29,286	29,286	Direct
Common Stock	Performance Units	$0.00			21,037	21,037	Direct
Common Stock	Performance Units	$0.00			15,620	15,620	Direct
Common Stock	Deferred Stock Units	$0.00			20,345	20,345	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2016-02-16	42,000	42,000	Direct
2017-02-15	40,000	40,000	Direct
2018-02-13	99,000	99,000	Direct
2019-02-11	120,000	120,000	Direct
2020-02-10	120,000	120,000	Direct
2021-02-09	125,000	125,000	Direct
2022-02-08	125,000	125,000	Direct
2023-02-13	130,000	130,000	Direct
2024-02-13	130,000	130,000	Direct
	22,783	22,783	Direct
	15,620	15,620	Direct
	29,286	29,286	Direct
	21,037	21,037	Direct
	15,620	15,620	Direct
	20,345	20,345	Direct

Footnotes

The restricted stock units were earned based on Company performance during fiscal 2012 and vested in one installment based on continued employment through the end of fiscal 2014.
Includes 2.7049 shares acquired under a dividend reinvestment plan.
Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
The shares were sold pursuant to a Rule 10b5-1 Plan.
This transaction was executed in multiple trades at prices ranging from $135.00 to $135.855. 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.
This transaction was executed in multiple trades at prices ranging from $136.01 to $136.04. 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.
This information is based on a plan statement dated September 30, 2014.
1 for 1.
Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
The restricted stock units were earned based on Company performance during fiscal 2013. Assuming continued employment through the end of fiscal 2015, the units will then vest in one installment and the shares will be issued shortly thereafter.
The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2014. Assuming continued employment through the end of fiscal 2016, 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 amount is 200% of the number reported, subject to plan limits.
If the Company achieves certain goals over the 2012-2014 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 2013-2015 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 2014-2016 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.