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Snap-on Inc Director's Dealing 2004

Jan 28, 2004

30335_dirs_2004-01-27_896a8e6a-c2fc-4233-8937-59ef3b6e0513.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: 2004-01-23

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

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-01-23 Stock Option (Right to Buy) $31.52 A 13500 Acquired 2014-01-23 Common Stock (13500) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2422.108 Direct
Common Stock 1771.379 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 (5255.951) 5255.951 Direct
Deferred Stock Units $ Common Stock (9500) 9500 Direct
Deferred Stock Units $ Common Stock (18000) 18000 Direct

Footnotes

F1: Includes 266.898 shares acquired pursuant to the Snap-on Incorporated Employee Stock Ownership Plan. Also includes 25.079 shares acquired under the Corporation's Dividend Reinvestment and Direct Stock Purchase Plan.

F2: Includes 300.903 shares acquired pursuant to the Corporation's 401(k) Plan.

F3: One-half of option vested on 1/24/2004 and the remainder vests on 1/24/2005.

F4: One-half of option vests on 1/23/2005 and the remainder vests on 1/23/2006.

F5: Grant of stock option from company. There is not a price for the derivative security.

F6: 1 for 1.

F7: 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.

F8: Includes 65.097 shares acquired pursuant to the Corporation's Deferred Compensation Plan.

F9: The units vest on the achievement of certain company initiatives over the 2002-2003 period.

F10: The units vest on the achievement of certain company initiatives over the 2003-2005 period.