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Filing Details

Accession Number:: 0001127602-17-024061
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-07-24 17:48:47
Reporting Period:: 2017-07-24

Filing Date:: 2017-07-24
Accepted Time:: 2017-07-24 17:48:47
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
1390311	Iain Boyd	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Vp - Operations Development	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	2017-07-24	10,000	$58.94	13,699	No	4	M	Direct
Common Stock	Acquisiton	2017-07-24	12,000	$60.00	25,699	No	4	M	Direct
Common Stock	Disposition	2017-07-24	14,339	$147.35	11,360	No	4	S	Direct
Common Stock	Disposition	2017-07-24	4,079	$148.21	7,281	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
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	2017-07-24	10,000	$0.00	10,000	$58.94
Common Stock	Stock Option (Right to Buy)	Disposition	2017-07-24	12,000	$0.00	12,000	$60.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2021-02-09	No	4	M	Direct
0		2022-02-08	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	580	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)	$79.04		2023-02-13	13,000	13,000	Direct
Common Stock	Stock Option (Right to Buy)	$109.43		2024-02-13	13,500	13,500	Direct
Common Stock	Stock Option (Right to Buy)	$144.69	2016-02-12	2025-02-12	13,500	13,500	Direct
Common Stock	Stock Option (Right to Buy)	$138.03	2017-02-11	2026-02-11	13,500	13,500	Direct
Common Stock	Stock Option (Right to Buy)	$168.70	2018-02-09	2027-02-09	13,500	13,500	Direct
Common Stock	Restricted Stock Units	$0.00			1,794	1,794	Direct
Common Stock	Restricted Stock Units	$0.00			1,221	1,221	Direct
Common Stock	Restricted Stock Units	$0.00			986	986	Direct
Common Stock	Performance Units	$0.00			1,304	1,304	Direct
Common Stock	Performance Units	$0.00			1,051	1,051	Direct
Common Stock	Performance Units	$0.00			987	987	Direct
Common Stock	Deferred Stock Units	$0.00			326	326	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2023-02-13	13,000	13,000	Direct
2024-02-13	13,500	13,500	Direct
2025-02-12	13,500	13,500	Direct
2026-02-11	13,500	13,500	Direct
2027-02-09	13,500	13,500	Direct
	1,794	1,794	Direct
	1,221	1,221	Direct
	986	986	Direct
	1,304	1,304	Direct
	1,051	1,051	Direct
	987	987	Direct
	326	326	Direct

Footnotes

Includes 153.6618 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 10.4 shares acquired under a dividend reinvestment plan.
This transaction was executed in multiple trades at prices ranging from $146.81 to $147.80. 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 $147.99 to $148.61. 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 information is based on a plan statement dated June 30, 2017.
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.