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Snap-on Inc Director's Dealing 2008

Dec 16, 2008

30335_dirs_2008-12-16_67fcf554-82f3-4d38-b549-ac6a9ddc28b4.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: 2008-12-15

Reporting Person: KASSOUF THOMAS L. (SVP & Pres - Commercial Div)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-12-15 Common Stock G 1000 Disposed 136 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3627.702 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $39.35 2016-02-16 Common Stock (3240) 3240 Direct
Stock Option (Right to Buy) $50.22 2017-02-15 Common Stock (6480) 6480 Direct
Stock Option (Right to Buy) $54.50 2017-04-30 Common Stock (6000) 6000 Direct
Stock Option (Right to Buy) $51.75 2018-02-13 Common Stock (20000) 20000 Direct
Restricted Stock $ Common Stock (3600) 3600 Direct
Restricted Stock $ Common Stock (3030) 3030 Direct
Restricted Stock $ Common Stock (6900) 6900 Direct
Deferred Stock Units $ Common Stock (703.3426) 703.3426 Direct

Footnotes

F1: One third of the option vested on 2/15/2008, and one third will vest on each of 2/15/2009 and 2/15/2010.

F2: One third of the option vested on 4/30/2008, and one third will vest on each of 4/30/2009, and 4/30/2010.

F3: One third of the option vests on each of 2/13/2009, 2/13/2010, and 2/13/2011.

F4: 1 for 1.

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

F6: The stock vests on the achievement of certain company initiatives over the 2007-2009 period.

F7: The stock vests on the achievement of certain company initiatives over the 2008-2010 period.

F8: 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.

F9: Bona fide gift.

F10: This information is based on a plan statement dated December 15, 2008.

F11: Includes 202.281 deferred stock units acquired through exempt dividend reinvestments.