Snap-on Inc — Director's Dealing 2003

Jul 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP ON INC (SNA)
CIK: 0000091440
Period of Report: 2003-06-30

Reporting Person: MICHAELS JACK D (Director)

Footnotes

F1: 1 for 1.

F2: Payment of fees in stock under the Corporation's Directors' 1993 Fee Plan.

F3: Scheduled for issuance in 10 equal annual installments after the earliest of August 30, 2007, or on death or retirement from the Board.

F4: Includes 74.743 deferred stock units acquired in June 2003 through exempt dividend reinvestments.

F5: The reporting person also directly owns the following stock options to purchase shares of Snap-on Incorporated common stock: (i) 3,000 shares at $31.938 per share (exercisable 4/23/99 and expiring 4/23/09); (ii) 3,000 shares at $26.4375 per share (exercisable 4/28/00 and expiring 4/28/10); (iii) 3,000 shares at $29.36 per share (exercisable 4/27/01 and expiring 4/27/11); (iv) 3,000 shares at $32.08 per share (exercisable 4/25/02 and expiring 4/25/12); and (v) 3,000 shares at $28.43 per share (exercisable 4/24/03 and expiring 4/24/13).