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Filing Details

Accession Number:: 0001127602-16-041443
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-02-16 16:47:55
Reporting Period:: 2016-02-11

Filing Date:: 2016-02-16
Accepted Time:: 2016-02-16 16:47:55
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
1486096	John Aldo Pagliari	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Sr Vp - Finance & Cfo	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	2016-02-11	5,838	$0.00	39,150	No	4	M	Direct
Common Stock	Disposition	2016-02-11	2,896	$138.03	36,254	No	4	F	Direct
Common Stock	Disposition	2016-02-12	57	$140.30	36,197	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

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	2016-02-11	1,072	$0.00	1,072	$0.00
Common Stock	Performance Units	Disposition	2016-02-11	5,838	$0.00	5,838	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2016-02-11	1,226	$0.00	1,226	$0.00
Common Stock	Stock Option (Right to Buy)	Acquisiton	2016-02-11	35,000	$0.00	35,000	$138.03
Common Stock	Performance Units	Acquisiton	2016-02-11	2,704	$0.00	2,704	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2016-02-11	2,704	$0.00	2,704	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,838			No	4	A	Direct
0			No	4	M	Direct
4,486			No	4	A	Direct
35,000	2017-02-11	2026-02-11	No	4	A	Direct
2,704			No	4	A	Direct
2,704			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)	$50.22	2010-02-15	2017-02-15	6,480	6,480	Direct
Common Stock	Stock Option (Right to Buy)	$51.75	2011-02-13	2018-02-13	6,480	6,480	Direct
Common Stock	Stock Option (Right to Buy)	$29.69	2012-02-11	2019-02-11	6,480	6,480	Direct
Common Stock	Stock Option (Right to Buy)	$41.01	2013-02-10	2020-02-10	6,480	6,480	Direct
Common Stock	Stock Option (Right to Buy)	$58.94	2014-02-09	2021-02-09	20,000	20,000	Direct
Common Stock	Stock Option (Right to Buy)	$60.00	2015-02-08	2022-02-08	27,000	27,000	Direct
Common Stock	Stock Option (Right to Buy)	$79.04	2016-02-13	2023-02-13	30,000	30,000	Direct
Common Stock	Stock Option (Right to Buy)	$109.43	2015-02-13	2024-02-13	33,000	33,000	Direct
Common Stock	Stock Option (Right to Buy)	$144.69	2016-02-12	2025-02-12	34,000	34,000	Direct
Common Stock	Restricted Stock Units	$0.00			5,368	5,368	Direct
Common Stock	Performance Units	$0.00			4,027	4,027	Direct
Common Stock	Performance Units	$0.00			3,261	3,261	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-02-15	6,480	6,480	Direct
2018-02-13	6,480	6,480	Direct
2019-02-11	6,480	6,480	Direct
2020-02-10	6,480	6,480	Direct
2021-02-09	20,000	20,000	Direct
2022-02-08	27,000	27,000	Direct
2023-02-13	30,000	30,000	Direct
2024-02-13	33,000	33,000	Direct
2025-02-12	34,000	34,000	Direct
	5,368	5,368	Direct
	4,027	4,027	Direct
	3,261	3,261	Direct

Footnotes

Based on Company performance during the 2013-2015 period, approximately 122.5% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).
Shares were withheld to cover tax withholding upon the vesting of performance units.
The shares were sold pursuant to a Rule 10b5-1 Plan.
1 for 1.
Based on Company performance during fiscal 2015, approximately 137.6% 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, subject to plan limits). Assuming continued employment through the end of fiscal 2017, 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.
The 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 2016-2018 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, subject to plan limits.
The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2016. Assuming continued employment through the end of fiscal 2018, 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, subject to plan limits.
The restricted stock units were earned based on Company performance during fiscal 2014. 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.
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, subject to plan limits.
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, subject to plan limits.