Snap-on Inc — Director's Dealing 2007

Feb 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SNAP ON INC (SNA)
CIK: 0000091440
Period of Report: 2007-02-15

Reporting Person: MARRINAN SUSAN F (VP, Secretary, C.L.O.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-15	Common Stock	M	1082	$39.71	Acquired	4582.63	Direct
2007-02-15	Common Stock	S	1082	$50.00	Disposed	3500.63	Direct
2007-02-15	Common Stock	M	22102	$34.50	Acquired	25602.63	Direct
2007-02-15	Common Stock	S	22102	$50.00	Disposed	3500.63	Direct
2007-02-15	Common Stock	M	12828	$31.52	Acquired	16328.63	Direct
2007-02-15	Common Stock	S	12828	$50.00	Disposed	3500.63	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-15	Stock Option (Right to Buy)	$39.71	M	1082	Disposed	2008-01-23	Common Stock (1082)	Direct
2007-02-15	Stock Option (Right to Buy)	$34.50	M	22102	Disposed	2009-01-22	Common Stock (22102)	Direct
2007-02-15	Stock Option (Right to Buy)	$31.52	M	12828	Disposed	2014-01-23	Common Stock (12828)	Direct
2007-02-15	Stock Option (Right to Buy)	$50.22	A	8000	Acquired	2017-02-15	Common Stock (8000)	Direct
2007-02-15	Restricted Stock	$	A	5000	Acquired		Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	517.75	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$33.75	2015-02-18	Common Stock (13000)	13000	Direct
Stock Option (Right to Buy)	$39.35	2016-02-16	Common Stock (12000)	12000	Direct
Deferred Stock Unit	$		Common Stock (2244.269)	2244.269	Direct
Restricted Stock	$		Common Stock (7000)	7000	Direct

Footnotes

F1: This information is based on a plan statement dated 12/31/2006.

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

F3: 1 for 1.

F4: 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.

F5: The stock vests on the achievement of certain company initiatives over the 2006-2008 period.

F6: Exercise of Rule 16 b-3 stock option.

F7: One third of the option vests on each of 2/15/2008, 2/15/2009, and 2/15/2010.

F8: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

F9: The stock vests on the achievement of certain company initiatives over the 2007-2009 period.