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: RENSI EDWARD H (Director)

Footnotes

F1: Payment of fees in stock under the Corporation's Directors' 1993 Fee Plan.

F2: Includes 103.643 shares acquired in June 2003 under the Corporation's Dividend and Direct Stock Purchase Plan.

F3: The reporting person also directly owns the following stock options to purchase shares of Snap-on Incorporated common stock: (i) 1,101 shares at $24.84 per share (exercisable 4/22/94 and expiring 4/22/04); (ii) 1,500 shares at $24.84 per share (exercisable 4/28/95 and expiring 4/28/05); (iii) 3,000 shares at $31.92 per share (exercisable 4/26/96 and expiring 4/26/06); (iv) 3,000 shares at $37.25 per share (exercisable 4/25/97 and expiring 4/25/07); (v) 3,000 shares at $43.6875 per share (exercisable 4/24/98 and expiring 4/24/08); (vi) 3,000 shares at $31.938 per share (exercisable 4/23/99 and expiring 4/23/09); (vii) 3,000 shares at $26.4375 per share (exercisable 4/28/00 and expiring 4/28/10); (viii) 3,000 shares at $29.36 per share (exercisable 4/27/01 and expiring 4/27/11); (ix) 3,000 shares at $32.08 per share (exercisable 4/25/02 and expiring 4/25/12); and (x) 3,000 shares at $28.43 per share (exercisable 4/24/03 and expiring 4/24/13).

F4: The reporting person also directly owns 5,143.057 deferred stock units. These deferred stock units are convertible on a 1 for 1 basis into shares of Snap-on Incorporated common stock. This total includes 41.105 deferred stock units acquired in June 2003 through exempt dividend reinvestments. These units are scheduled for issuance in lump sum after the earliest of August 15, 2014 or upon death or retirement from the Board.