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Snap-on Inc Director's Dealing 2005

Feb 23, 2005

30335_dirs_2005-02-22_045b9a01-d2a0-4237-b150-5c9694f9f428.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: 2005-02-18

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

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-02-18 Stock Option (Right to Buy) $33.75 A 14000 Acquired 2015-02-18 Common Stock (14000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2710.044 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
Stock Option (Right to Buy) $31.52 2014-01-23 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 (18000) 18000 Direct

Footnotes

F1: Includes 38.058 shares acquired under the Corporation's Dividend Reinvestment and Direct Stock Purchase Plan and 249.878 shares acquired through the Employee Stock Purchase Plan.

F2: One-half of option vested on 1/23/2005 and the remainder vests on 1/23/2006.

F3: One-half of option vests on 2/18/2006 and the remainder vests on 2/18/2007.

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

F5: 1 for 1.

F6: 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.

F7: The units vest on the achievement of certain company initiatives over the 2003-2005 period.