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Snap-on Inc Director's Dealing 2003

Nov 4, 2003

30335_dirs_2003-11-03_6f709774-74bd-4a63-85ba-20e7ea747f04.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP ON INC (SNA)
CIK: 0000091440
Period of Report: 2003-10-30

Reporting Person: MARRINAN SUSAN F (VP, Secretary, General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-10-30 Common Stock M 6083 $20.92 Acquired 16011.301 Direct
2003-10-30 Common Stock F 4383 $29.03 Disposed 11628.301 Direct
2003-10-31 Common Stock S 1400 $29.36 Disposed 10228.301 Direct
2003-10-31 Common Stock S 100 $29.35 Disposed 10128.301 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2003-10-30 Stock Option (Right to Buy) $20.92 M 6083 Disposed 2005-01-27 Common Stock (6083) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 330.183 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $37.125 2007-01-24 Common Stock (14000) 14000 Direct
Stock Option (Right to Buy) $39.71 2008-01-23 Common Stock (15000) 15000 Direct
Stock Option (Right to Buy) $34.50 2009-01-22 Common Stock (25000) 25000 Direct
Stock Option (Right to Buy) $26.375 2010-01-28 Common Stock (60000) 60000 Direct
Stock Option (Right to Buy) $29.36 2011-04-27 Common Stock (30000) 30000 Direct
Stock Option (Right to Buy) $32.22 2012-01-25 Common Stock (20000) 20000 Direct
Stock Option (Right to Buy) $25.11 2013-01-24 Common Stock (15000) 15000 Direct
Deferred Stock Units $0 Common Stock (1200) 1200 Direct
Deferred Stock Units $0 Common Stock (10000) 10000 Direct
Deferred Stock Units $0 Common Stock (19000) 19000 Direct

Footnotes

F1: Includes 191.923 shares acquired pursuant to the Corporation's 401(k) plan.

F2: Includes 98.516 shares acquired under the Corporation's Dividend Reinvestment and Direct Stock Purchase Plan.

F3: One half of option vested on 1/25/2003 and the remainder vests on 1/25/2004.

F4: One half of option vests on 1/24/2004 and the remainder vests on 1/24/2005.

F5: 1 for 1.

F6: Payment will begin within 30 days first beginning after the earliest of the date specified in advance of the deferral by the reporting person, death, disability, retirement, or termination of employment.

F7: The units vest on the achievement of certain company initiatives over the 2002-2003 period. Payment will begin within 30 days first beginning after the earliest of the date specified in advance of the deferral by the reporting person, death, disability, retirement or termination of employment.

F8: The units vest on the achievement of certain company initiatives over the 2003-2005 period. Payment will begin within 30 days first beginning after the earliest of the date specified in advance of the deferral by the reporting person, death, disability, retirement or termination of employment.