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Filing Details

Accession Number:: 0000091440-12-000036
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-02-10 16:23:25
Reporting Period:: 2012-02-08

Filing Date:: 2012-02-10
Accepted Time:: 2012-02-10 16:23:25
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
1199917	M Jeanne Moreno	2801 80Th Street Kenosha WI 53143	Vp - Chief Information Officer	No	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	2012-02-08	2,144	$0.00	4,583	No	4	M	Direct
Common Stock	Disposition	2012-02-08	675	$60.00	3,908	No	4	F	Direct
Common Stock	Acquisiton	2012-02-10	10,000	$41.01	13,908	No	4	M	Direct
Common Stock	Disposition	2012-02-10	10,000	$60.50	3,908	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	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	Stock Option (Right to Buy)	Disposition	2012-02-10	10,000	$0.00	10,000	$41.01
Common Stock	Stock Option (Right to Buy)	Acquisiton	2012-02-08	13,500	$0.00	13,500	$60.00
Common Stock	Restricted Stock Units	Acquisiton	2012-02-08	1,942	$0.00	1,942	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2012-02-08	3,221	$0.00	3,221	$0.00
Common Stock	Performance Units	Disposition	2012-02-08	2,144	$0.00	2,144	$0.00
Common Stock	Performance Units	Disposition	2012-02-08	2,162	$0.00	2,162	$0.00
Common Stock	Performance Units	Acquisiton	2012-02-08	3,222	$0.00	3,222	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,000	2011-02-10	2020-02-10	No	4	M	Direct
13,500	2013-02-08	2022-02-08	No	4	A	Direct
5,189			No	4	A	Direct
3,221			No	4	A	Direct
2,162			No	4	M	Direct
0			No	4	D	Direct
3,222			No	4	A	Direct

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)	$54.50	2010-04-30	2017-04-30	5,000	5,000	Direct
Common Stock	Stock Option (Right to Buy)	$51.75	2011-02-13	2018-02-13	15,000	15,000	Direct
Common Stock	Stock Option (Right to Buy)	$29.69	2010-02-11	2019-02-11	5,000	5,000	Direct
Common Stock	Stock Option (Right to Buy)	$58.94	2012-02-09	2021-02-09	13,500	13,500	Direct
Common Stock	Restricted Stock Units	$0.00			6,809	6,809	Direct
Common Stock	Performance Units	$0.00			4,680	4,680	Direct
Common Stock	Performance Units	$0.00			3,247	3,247	Direct
Common Stock	Deferred Stock Units	$0.00			10,233	10,233	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-04-30	5,000	5,000	Direct
2018-02-13	15,000	15,000	Direct
2019-02-11	5,000	5,000	Direct
2021-02-09	13,500	13,500	Direct
	6,809	6,809	Direct
	4,680	4,680	Direct
	3,247	3,247	Direct
	10,233	10,233	Direct

Footnotes

Based on company performance during the 2009-2011 period, approximately 49.8% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported).
Shares were withheld to cover tax withholding upon the vesting of performance units.
Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
Exercise of Rule 16b-3 stock option.
This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
1 for 1.
The restricted stock units were earned based on company performance during 2010. Assuming continued employment through the end of fiscal 2012, the units will then vest in one installment and the shares will be issued shortly thereafter.
Based on company performance during fiscal 2011, approximately 159.8% 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). Assuming continued employment through the end of fiscal 2013, 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 2012. Assuming continued employment through the end of fiscal 2014, 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.
If the company achieves certain goals over the 2010-2012 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.
If the company achieves certain goals over the 2011-2013 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.
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.
Payment will begin within 30 days first beginning after the date specified in advance of the deferral by the reporting person, death, disability or termination of employment.