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Filing Details

Accession Number:: 0000091440-11-000057
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-07-25 18:31:31
Reporting Period:: 2011-07-25

Filing Date:: 2011-07-25
Accepted Time:: 2011-07-25 18:31:31
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	2801 80Th Street Kenosha WI 53143	V.p. - Human Resources	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	2011-07-25	1,800	$31.52	4,391	No	4	M	Direct
Common Stock	Acquisiton	2011-07-25	4,200	$33.75	8,591	No	4	M	Direct
Common Stock	Acquisiton	2011-07-25	4,320	$29.69	12,911	No	4	M	Direct
Common Stock	Disposition	2011-07-25	11,320	$60.58	1,591	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
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	2011-07-25	1,800	$0.00	1,800	$31.52
Common Stock	Stock Option (Right to Buy)	Disposition	2011-07-25	4,200	$0.00	4,200	$33.75
Common Stock	Stock Option (Right to Buy)	Disposition	2011-07-25	4,320	$0.00	4,320	$29.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2006-01-23	2014-01-23	No	4	M	Direct
0	2007-02-18	2015-02-18	No	4	M	Direct
2,160	2010-02-11	2019-02-11	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	540	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)	$39.35	2008-02-16	2016-02-16	4,320	4,320	Direct
Common Stock	Stock Option (Right to Buy)	$50.22	2010-02-15	2017-02-15	5,400	5,400	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)	$41.01	2011-02-10	2020-02-10	6,500	6,500	Direct
Common Stock	Stock Option (Right to Buy)	$58.94	2012-02-09	2021-02-09	10,000	10,000	Direct
Common Stock	Restricted Stock Units	$0.00			1,111	1,111	Direct
Common Stock	Restricted Stock Units	$0.00			3,383	3,383	Direct
Common Stock	Restricted Stock Units	$0.00			2,410	2,410	Direct
Common Stock	Performance Units	$0.00			1,961	1,961	Direct
Common Stock	Performance Units	$0.00			2,326	2,326	Direct
Common Stock	Performance Units	$0.00			2,411	2,411	Direct
Common Stock	Deferred Stock Units	$0.00			297	297	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2016-02-16	4,320	4,320	Direct
2017-02-15	5,400	5,400	Direct
2018-02-13	6,480	6,480	Direct
2020-02-10	6,500	6,500	Direct
2021-02-09	10,000	10,000	Direct
	1,111	1,111	Direct
	3,383	3,383	Direct
	2,410	2,410	Direct
	1,961	1,961	Direct
	2,326	2,326	Direct
	2,411	2,411	Direct
	297	297	Direct

Footnotes

Includes shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and the Corporation's Dividend Reinvestment and Direct Stock Purchase Plan.
This transaction was executed in multiple trades at prices ranging from $60.51 to $60.67. The price reported above reflects the weighted average sale price. The reporting person herby 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, 2011.
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 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 were earned based on company performance during 2010. Assuming continued employment on the payment date, which will occur in February 2013, 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 2011. Assuming continued employment on the payment date, which will occur in February 2014, 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.
If the company achieves certain goals over the 2011-2013 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.
Payment will begin within 30 days first beginning after the earliest of the date specified in advance of the deferral by the reporting person, death, disability, retirement or termination of employment.