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Filing Details

Accession Number:: 0001127602-14-006817
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-02-18 16:41:03
Reporting Period:: 2014-02-13

Filing Date:: 2014-02-18
Accepted Time:: 2014-02-18 16:41:03
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
1320928	J Thomas Ward	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Sr Vp & President - Rs&I Group	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	2014-02-13	16,040	$0.00	57,984	No	4	M	Direct
Common Stock	Disposition	2014-02-13	6,285	$109.43	51,699	No	4	F	Direct
Common Stock	Disposition	2014-02-14	15,953	$108.92	35,746	No	4	S	Direct
Common Stock	Disposition	2014-02-14	2,976	$109.72	32,770	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	Performance Units	Acquisiton	2014-02-13	5,217	$0.00	5,217	$0.00
Common Stock	Performance Units	Disposition	2014-02-13	16,040	$0.00	16,040	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2014-02-13	600	$0.00	600	$0.00
Common Stock	Stock Option (Right to Buy)	Acquisiton	2014-02-13	42,000	$0.00	42,000	$109.43
Common Stock	Performance Units	Acquisiton	2014-02-13	5,370	$0.00	5,370	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2014-02-13	5,369	$0.00	5,369	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
16,040			No	4	A	Direct
0			No	4	M	Direct
7,831			No	4	A	Direct
42,000	2015-02-13	2024-02-13	No	4	A	Direct
5,370			No	4	A	Direct
5,369			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)	$29.69	2012-02-11	2019-02-11	40,000	40,000	Direct
Common Stock	Stock Option (Right to Buy)	$41.01	2013-02-10	2020-02-10	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$58.94	2014-02-09	2021-02-09	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$60.00	2013-02-08	2022-02-08	42,000	42,000	Direct
Common Stock	Stock Option (Right to Buy)	$79.04	2014-02-13	2023-02-13	42,000	42,000	Direct
Common Stock	Restricted Stock Units	$0.00			9,439	9,439	Direct
Common Stock	Performance Units	$0.00			10,738	10,738	Direct
Common Stock	Performance Units	$0.00			7,232	7,232	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-02-11	40,000	40,000	Direct
2020-02-10	42,000	42,000	Direct
2021-02-09	42,000	42,000	Direct
2022-02-08	42,000	42,000	Direct
2023-02-13	42,000	42,000	Direct
	9,439	9,439	Direct
	10,738	10,738	Direct
	7,232	7,232	Direct

Footnotes

Based on Company performance during the 2011-2013 period, approximately 148.2% 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.
This transaction was executed in multiple trades at prices ranging from $108.56 to $109.55. 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 $109.56 to $109.89. 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.
1 for 1.
Based on Company performance during fiscal 2013, approximately 108.3% 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 2015, 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 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.
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.
The restricted stock units were earned based on Company performance during fiscal 2012. Assuming continued employment through the end of fiscal 2014, the units will then vest in one installment and the shares will be issued shortly thereafter.
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.
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.