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Snap-on Inc Director's Dealing 2003

Oct 30, 2003

30335_dirs_2003-10-30_b7d5d79d-fd88-4f26-b026-f801fddf5c2d.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: 2003-10-28

Reporting Person: BILAND ALAN T (VP - Chief Information Officer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2003-10-28 Deferred Stock Units $ I 1987.854 Acquired Common Stock (1987.854) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2130.131 Direct
Common Stock 1470.476 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $45.75 2008-04-06 Common Stock (5000) 5000 Direct
Stock Option (Right to Buy) $34.50 2009-01-22 Common Stock (12000) 12000 Direct
Stock Option (Right to Buy) $29.36 2011-04-27 Common Stock (20000) 20000 Direct
Stock Option (Right to Buy) $26.23 2011-06-21 Common Stock (10000) 10000 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 (13500) 13500 Direct
Deferred Stock Units $ Common Stock (4304) 4304 Direct
Deferred Stock Units $ Common Stock (9500) 9500 Direct
Deferred Stock Units $ Common Stock (18000) 18000 Direct

Footnotes

F1: One-half of option vested on 1/25/2003 and the remainder vests on 1/25/2004.

F2: One-half of option vests on 1/24/2004 and the remainder vests on 1/24/2005.

F3: 1 for 1.

F4: Payments will begin within 30 days first beginning after the earlist of the date specified in advance of the deferral by the reporting person, death, disability, retirement or termination of employment.

F5: Acquisition resulting from an intraplan transfer under the Company's Deferred Compensation Plan.

F6: 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.

F7: 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.