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Filing Details

Accession Number:: 0000091440-12-000018
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-01-25 18:57:56
Reporting Period:: 2012-01-24

Filing Date:: 2012-01-25
Accepted Time:: 2012-01-25 18:57:56
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	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	2012-01-24	8,787	$30.06	43,997	No	4	M	Direct
Common Stock	Acquisiton	2012-01-25	31,213	$30.06	75,210	No	4	M	Direct
Common Stock	Disposition	2012-01-24	8,787	$55.00	66,423	No	4	S	Direct
Common Stock	Disposition	2012-01-25	18,713	$55.01	47,710	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	2012-01-24	8,787	$0.00	8,787	$30.06
Common Stock	Stock Option (Right to Buy)	Disposition	2012-01-25	31,213	$0.00	31,213	$30.06

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
31,213	2004-06-27	2012-06-27	No	4	M	Direct
0	2004-06-27	2012-06-27	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	671	Indirect	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)	$25.11	2005-01-24	2013-01-24	40,500	40,500	Direct
Common Stock	Stock Option (Right to Buy)	$31.52	2006-01-23	2014-01-23	40,500	40,500	Direct
Common Stock	Stock Option (Right to Buy)	$33.75	2007-02-18	2015-02-18	35,000	35,000	Direct
Common Stock	Stock Option (Right to Buy)	$39.35	2008-02-16	2016-02-16	42,000	42,000	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)	$51.75	2011-02-13	2018-02-13	99,000	99,000	Direct
Common Stock	Stock Option (Right to Buy)	$29.69	2010-02-11	2019-02-11	120,000	120,000	Direct
Common Stock	Stock Option (Right to Buy)	$41.01	2011-02-10	2020-02-10	120,000	120,000	Direct
Common Stock	Stock Option (Right to Buy)	$58.94	2012-02-09	2021-02-09	125,000	125,000	Direct
Common Stock	Restricted Stock Units	$0.00			52,632	52,632	Direct
Common Stock	Restricted Stock Units	$0.00			29,516	29,516	Direct
Common Stock	Performance Units	$0.00			33,280	33,280	Direct
Common Stock	Performance Units	$0.00			36,174	36,174	Direct
Common Stock	Performance Units	$0.00			29,517	29,517	Direct
Common Stock	Deferred Stock Units	$0.00			19,383	19,383	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2013-01-24	40,500	40,500	Direct
2014-01-23	40,500	40,500	Direct
2015-02-18	35,000	35,000	Direct
2016-02-16	42,000	42,000	Direct
2017-02-15	40,000	40,000	Direct
2018-02-13	99,000	99,000	Direct
2019-02-11	120,000	120,000	Direct
2020-02-10	120,000	120,000	Direct
2021-02-09	125,000	125,000	Direct
	52,632	52,632	Direct
	29,516	29,516	Direct
	33,280	33,280	Direct
	36,174	36,174	Direct
	29,517	29,517	Direct
	19,383	19,383	Direct

Footnotes

The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan.
This transaction was executed in multiple trades at prices ranging from $55.00 to $55.06. 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.
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 2010. Assuming continued employment through the end of fiscal 2012, 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 2011. Assuming continued employment through the end of fiscal 2013, the units 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.
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 subject to plan limits.
If the company achieves certain goals over the 2010-2012 period, the performance units will vest and stock will be awarded. The grant reported above represents the target number of units that may be earned; the maximum amount is 200% of the number reported subject to plan limits.
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 subject to plan limits.
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.