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Filing Details

Accession Number:: 0001127602-15-006476
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-02-17 17:54:28
Reporting Period:: 2015-02-12

Filing Date:: 2015-02-17
Accepted Time:: 2015-02-17 17:54:28
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
1268556	Constance Johnsen	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Vice President And Controller	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	41	$0.00	1,978	No	4	M	Direct
Common Stock	Disposition	2015-02-12	41	$144.69	1,937	No	4	F	Direct
Common Stock	Acquisiton	2015-02-17	2,333	$79.04	4,270	No	4	M	Direct
Common Stock	Disposition	2015-02-17	2,333	$145.79	1,937	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	Performance Units	Acquisiton	2015-02-12	309	$0.00	309	$0.00
Common Stock	Performance Units	Disposition	2015-02-12	41	$0.00	41	$0.00
Common Stock	Performance Units	Disposition	2015-02-12	1,684	$0.00	1,684	$0.00
Common Stock	Deferred Stock Units	Acquisiton	2015-02-12	1,684	$0.00	1,684	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2015-02-12	284	$0.00	284	$0.00
Common Stock	Stock Option (Right to Buy)	Acquisiton	2015-02-12	8,000	$0.00	8,000	$144.69
Common Stock	Performance Units	Acquisiton	2015-02-12	729	$0.00	729	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2015-02-12	729	$0.00	729	$0.00
Common Stock	Stock Option (Right to Buy)	Disposition	2015-02-17	2,333	$0.00	2,333	$79.04

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,725			No	4	A	Direct
1,684			No	4	M	Direct
0			No	4	M	Direct
2,856			No	4	M	Direct
1,138			No	4	A	Direct
8,000	2016-02-12	2025-02-12	No	4	A	Direct
729			No	4	A	Direct
729			No	4	A	Direct
2,333	2014-02-13	2023-02-13	No	4	M	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)	$109.43	2015-02-13	2024-02-13	7,500	7,500	Direct
Common Stock	Restricted Stock Units	$0.00			1,139	1,139	Direct
Common Stock	Performance Units	$0.00			1,052	1,052	Direct
Common Stock	Performance Units	$0.00			854	854	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2024-02-13	7,500	7,500	Direct
	1,139	1,139	Direct
	1,052	1,052	Direct
	854	854	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); the reporting person elected to defer the receipt of a portion of the underlying shares.
Shares were withheld to cover tax withholding upon the vesting of performance units.
This transaction was executed in multiple trades at prices ranging from $145.75 to $145.87. 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.
Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
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.