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Snap-on Inc Director's Dealing 2004

Jan 28, 2004

30335_dirs_2004-01-27_dc196466-7bf6-46d8-a4e0-3f819a44176f.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: BRADY SHARON M (V.P. - Human Resources)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-01-23 Stock Option (Right to Buy) $31.52 A 15000 Acquired 2014-01-23 Common Stock (15000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 332.149 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $33.25 2008-12-16 Common Stock (15000) 15000 Direct
Stock Option (Right to Buy) $34.50 2009-01-22 Common Stock (20000) 20000 Direct
Stock Option (Right to Buy) $26.375 2010-01-28 Common Stock (50000) 50000 Direct
Stock Option (Right to Buy) $29.36 2011-04-27 Common Stock (20000) 20000 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 (3037.161) 3037.161 Direct
Deferred Stock Units $ Common Stock (9500) 9500 Direct
Deferred Stock Units $ Common Stock (18000) 18000 Direct

Footnotes

F1: Includes 224.632 shares acquired pursuant to the Corporation's 401(k) Plan.

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

F3: One half of option vests on 1/23/2005 and the remainder vests on 1/23/2006.

F4: Grant of stock option from company. There is not a price for the derivative security.

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: Includes 291.088 shares acquired pursuant to the Corporation's Deferred Compensation Plan.

F8: The units vest on the achievement of certain company initiatives over the 2002-2003 period.

F9: The units vest on the achievement of certain company initiatives over the 2003-2005 period.