Snap-on Inc - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP ON INC (SNA)
CIK: 0000091440
Period of Report: 2006-10-31

Reporting Person: MICHAELS JACK D (Director, Chairman, President & CEO)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$31.938	2009-04-23	Common Stock (3000)	3000	Direct
Stock Option (Right to Buy)	$26.4375	2010-04-28	Common Stock (3000)	3000	Direct
Stock Option (Right to Buy)	$29.36	2011-04-27	Common Stock (3000)	3000	Direct
Stock Option (Right to Buy)	$32.08	2012-04-25	Common Stock (3000)	3000	Direct
Stock Option (Right to Buy)	$28.43	2013-04-24	Common Stock (3000)	3000	Direct
Stock Option (Right to Buy)	$33.55	2014-04-23	Common Stock (3000)	3000	Direct
Stock Option (Right to Buy)	$32.53	2014-12-03	Common Stock (200000)	200000	Direct
Stock Option (Right to Buy)	$39.35	2016-02-16	Common Stock (110000)	110000	Direct
Deferred Stock Unit	$0		Common Stock (13227.458)	13227.458	Direct
Restricted Stock	$		Common Stock (60000)	60000	Direct

F1: One half of the option vested on 12/3/2005 and the remainder vests on 12/3/2006.

F2: One half of the option vests on 2/16/2007 and the remainder vests on 2/16/2008.

F3: 1 for 1.

F4: Scheduled for issuance in 10 equal annual installments after the earliest of August 30, 2007, or on death or retirement from the Board.

F5: Includes 81.632 deferred stock units acquired through exempt dividend reinvestments.

F6: The units vest on the achievement of certain company initiatives over the 2006-2008 period.