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Filing Details

Accession Number:: 0000091440-11-000014
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-02-07 17:22:50
Reporting Period:: 2011-02-07

Filing Date:: 2011-02-07
Accepted Time:: 2011-02-07 17:22:50
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	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	2011-02-07	9,000	$32.22	21,516	No	4	M	Direct
Common Stock	Acquisiton	2011-02-07	3,556	$31.52	25,072	No	4	M	Direct
Common Stock	Disposition	2011-02-07	12,556	$58.67	12,516	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	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	Stock Option (Right to Buy)	Disposition	2011-02-07	9,000	$0.00	9,000	$32.22
Common Stock	Stock Option (Right to Buy)	Disposition	2011-02-07	3,556	$0.00	3,556	$31.52

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2004-01-25	2012-01-25	No	4	M	Direct
3,644	2006-01-23	2014-01-23	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)	$33.75	2007-02-18	2015-02-18	6,480	6,480	Direct
Common Stock	Stock Option (Right to Buy)	$31.48	2007-02-18	2015-04-01	3,220	3,220	Direct
Common Stock	Stock Option (Right to Buy)	$39.35	2008-02-16	2016-02-16	15,000	15,000	Direct
Common Stock	Stock Option (Right to Buy)	$37.47	2008-04-27	2016-04-27	5,000	5,000	Direct
Common Stock	Stock Option (Right to Buy)	$50.22	2010-02-15	2017-02-15	40,000	40,000	Direct
Common Stock	Stock Option (Right to Buy)	$54.50	2010-04-30	2017-04-30	10,000	10,000	Direct
Common Stock	Stock Option (Right to Buy)	$51.75		2018-02-13	40,000	40,000	Direct
Common Stock	Stock Option (Right to Buy)	$29.69		2019-02-11	40,000	40,000	Direct
Common Stock	Stock Option (Right to Buy)	$41.01		2020-02-10	42,000	42,000	Direct
Common Stock	Restricted Stock	$0.00			20,600	20,600	Direct
Common Stock	Restricted Stock Units	$0.00			7,406	7,406	Direct
Common Stock	Restricted Stock Units	$0.00			14,211	14,211	Direct
Common Stock	Performance Units	$0.00			13,074	13,074	Direct
Common Stock	Performance Units	$0.00			14,211	14,211	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2015-02-18	6,480	6,480	Direct
2015-04-01	3,220	3,220	Direct
2016-02-16	15,000	15,000	Direct
2016-04-27	5,000	5,000	Direct
2017-02-15	40,000	40,000	Direct
2017-04-30	10,000	10,000	Direct
2018-02-13	40,000	40,000	Direct
2019-02-11	40,000	40,000	Direct
2020-02-10	42,000	42,000	Direct
	20,600	20,600	Direct
	7,406	7,406	Direct
	14,211	14,211	Direct
	13,074	13,074	Direct
	14,211	14,211	Direct

Footnotes

Includes 13.445 shares acquired under the Corporation's Dividend Reinvestment and Direct Stock Purchase Plan.
This transaction was executed in multiple trades at prices ranging from $58.52 to $58.75. 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 effected.
Exercise of Rule 16b-3 stock option.
One third of the option vested on each of 2/13/2009 and 2/13/2010, and one third will vest on 2/13/2011.
One third of the option vested on 2/11/2010, and one third vests on each of 2/11/2011 and 2/11/2012.
One third of the option vests on each of 2/10/2011, 2/10/2012 and 2/10/2013.
1 for 1.
The stock vests on the achievement of certain company initiatives over the 2008-2010 period.
The restricted stock units were earned based on Company performance during 2009. Assuming continued employment on the payment date, which will occur in February 2012, the units will then vest in one installment and the shares will be issued.
The restricted stock units may be earned based on the achievement of certain company goals during 2010. Assuming continued employment on the payment date, which will occur in February 2013, the units will then vest in one installment and shares will be issued. 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 2009-2011 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 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.