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: 2006-03-15

Reporting Person: KELLY ARTHUR L (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-15	Common Stock	M	3000	$31.92	Acquired	14897.464	Direct
2006-03-15	Common Stock	F	2484	$38.54	Disposed	12413.464	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-15	Stock Option (Right to Buy)	$31.92	M	3000	Disposed	2006-04-26	Common Stock (3000)	Direct

Security	Shares	Ownership
Common Stock	20000	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$37.25	2007-04-25	Common Stock (3000)	3000	Direct
Stock Option (Right to Buy)	$43.6875	2008-04-24	Common Stock (3000)	3000	Direct
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)	$32.76	2015-04-22	Common Stock (3000)	3000	Direct
Deferred Stock Unit	$0		Common Stock (17303.771)	17303.771	Direct

F1: Shares reported are held by the Kelly Family Trust and the A.L. Kelly Trust for which the reporting person is a trustee and beneficiary.

F2: The transaction was an option grant. Accordingly, the reporting price did not pay a price to obtain the option.

F3: 1 for 1.

F4: Scheduled for issuance in equal annual installments after the earliest of November 15, 2012, or on death or retirement from the Board.