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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

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/YYYY)

3/2/2015
(Street)

KENOSHA, WI 53143
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   3/2/2015     M    6480   A $50.22   33959   D    
Common Stock   3/2/2015     M    6000   A $54.50   39959   D    
Common Stock   3/2/2015     S    12480   D $148.0458   (1) 27479   D    
Common Stock   3/2/2015     G   V 6280   D   (2) 21199   D    
Common Stock                  7402.7509   I   By 401(k)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $50.22   3/2/2015     M         6480    2/15/2010   2/15/2017   Common Stock   6480     (3) 0   D    
Stock Option (Right to Buy)   $54.50   3/2/2015     M         6000    4/30/2010   4/30/2017   Common Stock   6000     (3) 0   D    
Stock Option (Right to Buy)   $51.75                    2/13/2011   2/13/2018   Common Stock   20000     20000   D    
Stock Option (Right to Buy)   $58.94                    2/9/2014   2/9/2021   Common Stock   28000     28000   D    
Stock Option (Right to Buy)   $60.00                    2/8/2015   2/8/2022   Common Stock   33000     33000   D    
Stock Option (Right to Buy)   $79.04                    2/13/2014   (4) 2/13/2023   Common Stock   35000     35000   D    
Stock Option (Right to Buy)   $109.43                    2/13/2015   (4) 2/13/2024   Common Stock   36000     36000   D    
Stock Option (Right to Buy)   $144.69                    2/12/2016   (4) 2/12/2025   Common Stock   37000     37000   D    
Restricted Stock Units     (5)                    (6)   (6) Common Stock   6052     6052   D    
Restricted Stock Units     (5)                    (7)   (7) Common Stock   5693     5693   D    
Restricted Stock Units     (5)                    (8)   (8) Common Stock   3452     3452   D    
Performance Units     (5)                    (9)   (9) Common Stock   5588     5588   D    
Performance Units     (5)                    (10)   (10) Common Stock   4271     4271   D    
Performance Units     (5)                    (11)   (11) Common Stock   3452     3452   D    
Deferred Stock Units     (5)                    (12)   (12) Common Stock   1951.6247     1951.6247   D    

Explanation of Responses:
( 1)  This transaction was executed in multiple trades at prices ranging from $147.70 to $148.28. 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)  Exercise of Rule 16b-3 stock option.
( 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 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 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.
( 8)  The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2015. Assuming continued employment through the end of fiscal 2017, 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 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, subject to plan limits.
( 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, subject to plan limits.
( 11)  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.
( 12)  Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
KASSOUF THOMAS L.
SNAP-ON INCORPORATED
2801 80TH STREET
KENOSHA, WI 53143

Sr VP & Pres - Tools

Signatures
/s/ Ryan S. Lovitz under Power of Attorney for Thomas L. Kassouf 3/2/2015
** Signature of Reporting Person Date


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 control number.
Snap on (NYSE:SNA)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Snap on Charts.
Snap on (NYSE:SNA)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Snap on Charts.