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Filing Details

Accession Number:: 0001127602-15-006474
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-02-17 17:52:09
Reporting Period:: 2015-02-12

Filing Date:: 2015-02-17
Accepted Time:: 2015-02-17 17:52:09
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	Snap-On Incorporated 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	2015-02-12	3,924	$0.00	13,574	No	4	M	Direct
Common Stock	Disposition	2015-02-12	1,555	$144.69	12,019	No	4	F	Direct
Common Stock	Acquisiton	2015-02-13	4,500	$79.04	16,519	No	4	M	Direct
Common Stock	Acquisiton	2015-02-13	4,500	$109.43	21,019	No	4	M	Direct
Common Stock	Disposition	2015-02-13	9,000	$145.44	12,019	No	4	S	Direct
Common Stock	Disposition	2015-02-17	1,500	$145.00	10,519	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	M	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	2015-02-12	702	$0.00	702	$0.00
Common Stock	Performance Units	Disposition	2015-02-12	3,924	$0.00	3,924	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2015-02-12	536	$0.00	536	$0.00
Common Stock	Stock Option (Right to Buy)	Acquisiton	2015-02-12	13,500	$0.00	13,500	$144.69
Common Stock	Performance Units	Acquisiton	2015-02-12	1,266	$0.00	1,266	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2015-02-12	1,266	$0.00	1,266	$0.00
Common Stock	Stock Option (Right to Buy)	Disposition	2015-02-13	4,500	$0.00	4,500	$79.04
Common Stock	Stock Option (Right to Buy)	Disposition	2015-02-13	4,500	$0.00	4,500	$109.43

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,924			No	4	A	Direct
0			No	4	M	Direct
2,147			No	4	A	Direct
13,500	2016-02-12	2025-02-12	No	4	A	Direct
1,266			No	4	A	Direct
1,266			No	4	A	Direct
4,500	2014-02-13	2023-02-13	No	4	M	Direct
9,000	2015-02-13	2024-02-13	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00	2,349	2,349	Direct
Common Stock	Performance Units	$0.00	2,170	2,170	Direct
Common Stock	Performance Units	$0.00	1,611	1,611	Direct

Amount	Remaning Holdings	Nature of Ownership
2,349	2,349	Direct
2,170	2,170	Direct
1,611	1,611	Direct

Footnotes

Based on Company performance during the 2012-2014 period, approximately 121.8% 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.
This transaction was executed in multiple trades at prices ranging from $145.19 to $145.59. 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 2014, approximately 133.3% 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 2016, 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 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.
The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2015. Assuming continued employment through the end of fiscal 2017, 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.
Exercise of Rule 16b-3 stock option.
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.
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.
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.