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Filing Details

Accession Number:: 0001127602-17-009760
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-03-02 16:43:42
Reporting Period:: 2017-03-01

Filing Date:: 2017-03-02
Accepted Time:: 2017-03-02 16:43:42
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
1246136	T Nicholas Pinchuk	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Chairman, President And Ceo	Yes	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	2017-03-01	33,000	$51.75	376,762	No	4	M	Direct
Common Stock	Disposition	2017-03-01	15,468	$172.70	361,294	No	4	S	Direct
Common Stock	Disposition	2017-03-01	4,985	$173.46	356,309	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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	Stock Option (Right to Buy)	Disposition	2017-03-01	33,000	$0.00	33,000	$51.75

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
33,000		2018-02-13	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	704	Indirect	By 401(k) Plan

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		2019-02-11	120,000	120,000	Direct
Common Stock	Stock Option (Right to Buy)	$41.01		2020-02-10	120,000	120,000	Direct
Common Stock	Stock Option (Right to Buy)	$58.94		2021-02-09	125,000	125,000	Direct
Common Stock	Stock Option (Right to Buy)	$60.00		2022-02-08	125,000	125,000	Direct
Common Stock	Stock Option (Right to Buy)	$79.04		2023-02-13	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$109.43		2024-02-13	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$144.69	2016-02-12	2025-02-12	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$138.03	2017-02-11	2026-02-11	135,000	135,000	Direct
Common Stock	Stock Option (Right to Buy)	$168.70	2018-02-09	2027-02-09	135,000	135,000	Direct
Common Stock	Restricted Stock Units	$0.00			17,417	17,417	Direct
Common Stock	Restricted Stock Units	$0.00			11,851	11,851	Direct
Common Stock	Restricted Stock Units	$0.00			9,576	9,576	Direct
Common Stock	Performance Units	$0.00			12,658	12,658	Direct
Common Stock	Performance Units	$0.00			10,199	10,199	Direct
Common Stock	Performance Units	$0.00			9,577	9,577	Direct
Common Stock	Deferred Stock Units	$0.00			21,048	21,048	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-02-11	120,000	120,000	Direct
2020-02-10	120,000	120,000	Direct
2021-02-09	125,000	125,000	Direct
2022-02-08	125,000	125,000	Direct
2023-02-13	130,000	130,000	Direct
2024-02-13	130,000	130,000	Direct
2025-02-12	130,000	130,000	Direct
2026-02-11	135,000	135,000	Direct
2027-02-09	135,000	135,000	Direct
	17,417	17,417	Direct
	11,851	11,851	Direct
	9,576	9,576	Direct
	12,658	12,658	Direct
	10,199	10,199	Direct
	9,577	9,577	Direct
	21,048	21,048	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $172.19 to $173.12. 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 $173.20 to $173.65. 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.
Option fully vested.
Exercise of Rule 16b-3 stock option.
Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
1 for 1.
The restricted stock units were earned based on Company performance during fiscal 2015. 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.
The restricted stock units were earned based on Company performance during fiscal 2016. Assuming continued employment through the end of fiscal 2018, the units will then vest in one installment and the shares will be issued shortly thereafter.
The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2017. Assuming continued employment through the end of fiscal 2019, 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 number 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.
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.
If the Company achieves certain goals over the 2017-2019 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.
Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.