Snap-on Inc — Director's Dealing 2011

Aug 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP-ON Inc (SNA)
CIK: 0000091440
Period of Report: 2011-08-08

Reporting Person: Johnsen Constance (Vice President and Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-08	Deferred Stock Units	$	I	10521.886	Acquired		Common Stock (10521.886)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	482.281	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$39.35	2016-02-16	Common Stock (2160)	2160	Direct
Stock Option (Right to Buy)	$50.22	2017-02-15	Common Stock (4300)	4300	Direct
Stock Option (Right to Buy)	$51.75	2018-02-13	Common Stock (4320)	4320	Direct
Stock Option (Right to Buy)	$29.69	2019-02-11	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$41.01	2020-02-10	Common Stock (4500)	4500	Direct
Stock Option (Right to Buy)	$58.94	2021-02-09	Common Stock (5000)	5000	Direct
Restricted Stock Units	$		Common Stock (740)	740	Direct
Restricted Stock Units	$		Common Stock (2161)	2161	Direct
Restricted Stock Units	$		Common Stock (1230)	1230	Direct
Performance Units	$		Common Stock (1308)	1308	Direct
Performance Units	$		Common Stock (1486)	1486	Direct
Performance Units	$		Common Stock (1230)	1230	Direct

Footnotes

F1: Includes shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and the Corporation's Dividend Reinvestment and Direct Stock Purchase Plan.

F2: Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F3: 1 for 1.

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: Payment will begin within 30 days first beginning after the date specificed in advance of the deferral by the reporting person, death, disability or termination of employment.

F11: This information is based on the balance as of the date of the transaction.