Sec Form 4 Filing - KASSOUF THOMAS L. @ SNAP-ON Inc - 2016-08-18

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
KASSOUF THOMAS L.
2. Issuer Name and Ticker or Trading Symbol
SNAP-ON Inc [ SNA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr VP & Pres - Tools
(Last) (First) (Middle)
SNAP-ON INCORPORATED, 2801 80TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
08/18/2016
(Street)
KENOSHA, WI53143
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/18/2016 S 2,000 D $ 153.2948 ( 1 ) 26,612 D
Common Stock 08/18/2016 G V 1,070 D 25,542 D
Common Stock 7,982.4612 ( 3 ) I By 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 51.75 02/13/2011 02/13/2018 Common Stock 20,000 20,000 D
Stock Option (Right to Buy) $ 58.94 02/09/2014 02/09/2021 Common Stock 28,000 28,000 D
Stock Option (Right to Buy) $ 60 02/08/2015 02/08/2022 Common Stock 33,000 33,000 D
Stock Option (Right to Buy) $ 79.04 02/13/2016 02/13/2023 Common Stock 35,000 35,000 D
Stock Option (Right to Buy) $ 109.43 02/13/2015( 4 ) 02/13/2024 Common Stock 36,000 36,000 D
Stock Option (Right to Buy) $ 144.69 02/12/2016( 4 ) 02/12/2025 Common Stock 37,000 37,000 D
Stock Option (Right to Buy) $ 138.03 02/11/2017( 4 ) 02/11/2026 Common Stock 38,000 38,000 D
Restricted Stock Units ( 5 ) ( 6 ) ( 6 ) Common Stock 5,693 5,693 D
Restricted Stock Units ( 5 ) ( 7 ) ( 7 ) Common Stock 4,750 4,750 D
Restricted Stock Units ( 5 ) ( 8 ) ( 8 ) Common Stock 2,859 2,859 D
Performance Units ( 5 ) ( 9 ) ( 9 ) Common Stock 4,271 4,271 D
Performance Units ( 5 ) ( 10 ) ( 10 ) Common Stock 3,452 3,452 D
Performance Units ( 5 ) ( 11 ) ( 11 ) Common Stock 2,859 2,859 D
Deferred Stock Units ( 5 ) ( 12 ) ( 12 ) Common Stock 1,994.8455 ( 3 ) 1,994.8455 ( 3 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KASSOUF THOMAS L.
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA, WI53143
Sr VP & Pres - Tools
Signatures
/s/ Ryan S. Lovitz under Power of Attorney for Thomas L. Kassouf 08/19/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This transaction was executed in multiple trades at prices ranging from $152.935 to $153.64. The price reported above reflects the weighted average sale price. The reporting person hereby 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.
( 2 )Bona fide gifts.
( 3 )This information is based on a plan statement dated June 30, 2016.
( 4 )Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
( 5 )1 for 1.
( 6 )The restricted stock units were earned based on Company performance during fiscal 2014. Assuming continued employment through the end of fiscal 2016, the units will then vest in one installment and the shares will be issued shortly thereafter.
( 7 )The restricted stock units were earned based on Company performance during fiscal 2015. Assuming continued employment through the end of fiscal 2017, the units will then vest in one installment and the shares will be issued shortly thereafter.
( 8 )The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2016. Assuming continued employment through the end of fiscal 2018, 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, subject to plan limits.
( 9 )If the Company achieves certain goals over the 2014-2016 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.
( 10 )If the Company achieves certain goals over the 2015-2017 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.
( 11 )If the Company achieves certain goals over the 2016-2018 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.
( 12 )Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.