Snap-on Inc — Director's Dealing 2011

Feb 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP-ON Inc (SNA)
CIK: 0000091440
Period of Report: 2011-02-17

Reporting Person: MORENO JEANNE M (VP - Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	Common Stock	M	7500	$29.69	Acquired	7500	Direct
2011-02-17	Common Stock	S	7500	$60.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Stock Option (Right to Buy)	$29.69	M	7500	Disposed	2019-02-11	Common Stock (7500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$50.22	2017-02-15	Common Stock (15000)	15000	Direct
Stock Option (Right to Buy)	$54.50	2017-04-30	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$51.75	2018-02-13	Common Stock (15000)	15000	Direct
Stock Option (Right to Buy)	$41.01	2020-02-10	Common Stock (15000)	15000	Direct
Stock Option (Right to Buy)	$58.94	2021-02-09	Common Stock (13500)	13500	Direct
Restricted Stock Units	$		Common Stock (2439)	2439	Direct
Restricted Stock Units	$		Common Stock (6809)	6809	Direct
Restricted Stock Units	$		Common Stock (3247)	3247	Direct
Performance Units	$		Common Stock (4306)	4306	Direct
Performance Units	$		Common Stock (4680)	4680	Direct
Performance Units	$		Common Stock (3247)	3247	Direct
Deferred Stock Units	$		Common Stock (9986.691)	9986.691	Direct

Footnotes

F1: Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F2: Exercise of Rule 16b-3 stock option.

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 specified in advance of the deferral by the reporting person, death, disability or termination of employment.

F11: This information is based on a plan statement dated December 31, 2010.