Sec Form 4 Filing - Shur Irwin M @ SNAP-ON Inc - 2015-01-03

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
Shur Irwin M
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)
VP, Gen Counsel & Secretary
(Last) (First) (Middle)
SNAP-ON INCORPORATED, 2801 80TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
01/03/2015
(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 01/03/2015 M( 1 ) 2,660 A 13,195 D
Common Stock 01/03/2015 F( 2 ) 868 D $ 136.29 12,327 D
Common Stock 01/05/2015 S( 3 ) 500 D $ 135.24 11,827 D
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
Restricted Stock Units ( 4 ) 01/03/2015 M( 1 ) 2,660 ( 1 ) ( 1 ) Common Stock 2,660 ( 1 ) 0 D
Stock Option (Right to Buy) $ 58.94 02/09/2014 02/09/2021 Common Stock 13,000 13,000 D
Stock Option (Right to Buy) $ 60 02/08/2013( 5 ) 02/08/2022 Common Stock 13,500 13,500 D
Stock Option (Right to Buy) $ 79.04 02/13/2014( 5 ) 02/13/2023 Common Stock 14,000 14,000 D
Stock Option (Right to Buy) $ 109.43 02/13/2015( 5 ) 02/13/2024 Common Stock 14,000 14,000 D
Restricted Stock Units ( 4 ) ( 6 ) ( 6 ) Common Stock 2,278 2,278 D
Restricted Stock Units ( 4 ) ( 7 ) ( 7 ) Common Stock 1,611 1,611 D
Performance Units ( 4 ) ( 8 ) ( 8 ) Common Stock 3,026 3,026 D
Performance Units ( 4 ) ( 9 ) ( 9 ) Common Stock 2,104 2,104 D
Performance Units ( 4 ) ( 10 ) ( 10 ) Common Stock 1,611 1,611 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Shur Irwin M
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA, WI53143
VP, Gen Counsel & Secretary
Signatures
/s/ Ryan S. Lovitz under Power of Attorney for Irwin M. Shur 01/06/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The restricted stock units were earned based on Company performance during fiscal 2012 and vested in one installment based on continued employment through the end of fiscal 2014.
( 2 )Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
( 3 )The shares were sold pursuant to a Rule 10b5-1 Plan.
( 4 )1 for 1.
( 5 )Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
( 6 )The restricted stock units were earned based on Company performance during fiscal 2013. Assuming continued employment through the end of fiscal 2015, the units will then vest in one installment and the shares will be issued shortly thereafter.
( 7 )The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2014. Assuming continued employment through the end of fiscal 2016, 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.
( 8 )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.
( 9 )If the Company achieves certain goals over the 2013-2015 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.
( 10 )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.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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