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Filing Details

Accession Number:: 0000091440-12-000092
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-07-24 16:20:28
Reporting Period:: 2012-07-23

Filing Date:: 2012-07-24
Accepted Time:: 2012-07-24 16:20:28
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
1420599	L. Thomas Kassouf	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Svp & Pres - Tools	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	Explanation
Common Stock	Acquisiton	2012-07-23	15,000	$29.69	17,824	No	4	M	Direct
Common Stock	Disposition	2012-07-23	15,000	$66.82	2,824	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
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	2012-07-23	15,000	$0.00	15,000	$29.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2012-02-11	2019-02-11	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	6,620	Indirect	By 40l(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)	$50.22	2010-02-15	2017-02-15	6,480	6,480	Direct
Common Stock	Stock Option (Right to Buy)	$54.50	2010-04-30	2017-04-30	6,000	6,000	Direct
Common Stock	Stock Option (Right to Buy)	$51.75	2011-02-13	2018-02-13	20,000	20,000	Direct
Common Stock	Stock Option (Right to Buy)	$41.01	2011-02-10	2020-02-10	25,000	25,000	Direct
Common Stock	Stock Option (Right to Buy)	$58.94	2012-02-09	2021-02-09	28,000	28,000	Direct
Common Stock	Stock Option (Right to Buy)	$60.00	2013-02-08	2022-02-08	33,000	33,000	Direct
Common Stock	Restricted Stock Units	$0.00			8,928	8,928	Direct
Common Stock	Restricted Stock Units	$0.00			9,433	9,433	Direct
Common Stock	Restricted Stock Units	$0.00			7,321	7,321	Direct
Common Stock	Performance Units	$0.00			6,137	6,137	Direct
Common Stock	Performance Units	$0.00			5,904	5,904	Direct
Common Stock	Performance Units	$0.00			7,322	7,322	Direct
Common Stock	Deferred Stock Units	$0.00			1,476	1,476	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-02-15	6,480	6,480	Direct
2017-04-30	6,000	6,000	Direct
2018-02-13	20,000	20,000	Direct
2020-02-10	25,000	25,000	Direct
2021-02-09	28,000	28,000	Direct
2022-02-08	33,000	33,000	Direct
	8,928	8,928	Direct
	9,433	9,433	Direct
	7,321	7,321	Direct
	6,137	6,137	Direct
	5,904	5,904	Direct
	7,322	7,322	Direct
	1,476	1,476	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $66.67 to $67.00. 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 June 30, 2012.
Exercise of Rule 16b-3 stock option.
Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
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.
The restricted stock units were earned based on company performance during 2011. 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 earliest of the date specified in advance of the deferral by the reporting person, death, disability, retirement or termination of employment.