Snap-on Inc — Director's Dealing 2012

Feb 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP-ON Inc (SNA)
CIK: 0000091440
Period of Report: 2012-02-13

Reporting Person: Johnsen Constance (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-13	Common Stock	M	2160	$39.35	Acquired	3142.596	Direct
2012-02-13	Common Stock	M	4500	$29.69	Acquired	7642.596	Direct
2012-02-13	Common Stock	M	3000	$41.01	Acquired	10642.596	Direct
2012-02-13	Common Stock	S	9660	$62.00	Disposed	982.596	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-13	Stock Option (Right to Buy)	$39.35	M	2160	Disposed	2016-02-16	Common Stock (2160)	Direct
2012-02-13	Stock Option (Right to Buy)	$29.69	M	4500	Disposed	2019-02-11	Common Stock (4500)	Direct
2012-02-13	Stock Option (Right to Buy)	$41.01	M	3000	Disposed	2020-02-10	Common Stock (3000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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)	$58.94	2021-02-09	Common Stock (5000)	5000	Direct
Stock Option (Right to Buy)	$60.00	2022-02-08	Common Stock (6000)	6000	Direct
Restricted Stock Units	$		Common Stock (2161)	2161	Direct
Restricted Stock Units	$		Common Stock (1966)	1966	Direct
Restricted Stock Units	$		Common Stock (1415)	1415	Direct
Performance Units	$		Common Stock (1486)	1486	Direct
Performance Units	$		Common Stock (1230)	1230	Direct
Performance Units	$		Common Stock (1416)	1416	Direct
Deferred Stock Units	$		Common Stock (12198.107)	12198.107	Direct

Footnotes

F1: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

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 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.

F5: The restricted stock units were earned based on company performance 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.

F6: The restricted stock units may be earned based on the achievement of certain company goals during fiscal 2012. Assuming continued employment through the end of fiscal 2014, 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 amount is 200% of the number reported.

F7: 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.

F8: 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.

F9: If the company achieves certain goals over the 2012-2014 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.