Snap-on Inc — Major Shareholding Notification 2007

Feb 8, 2007

SC 13G/A 1 a07-3681_1sc13ga.htm SC 13G/A

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 10)*
SNAP-ON INCORPORATED
(Name of Issuer)
Common Stock, $1.00 par value
(Title of Class of Securities)
83 3034101
(CUSIP Number)
December 31, 2006
(Date of Event Which Requires Filing of this Statement

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. 83 3034101

1 — 2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*	(a) £ (b) £
3	SEC
USE ONLY
4	CITIZENSHIP
OR PLACE OF ORGANIZATION Not Applicable
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE
VOTING POWER 0
	6	SHARED
VOTING POWER 407,575 (See Item 4)
	7	SOLE
DISPOSITIVE POWER 0
	8	SHARED
DISPOSITIVE POWER 407,575 (See
Item 4)
9	AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 407,575
(See Item 4)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable	£
11	PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.7%
12	TYPE
OF REPORTING PERSON* OO
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

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| CUSIP
No. 83 3034101 |
| --- |
| This amendment relates to the Common
Stock, $1.00 par value (the “Common Stock”), of Snap-on Incorporated
(the “Company”), 2801 80 th Street,
Kenosha, WI 53141-1410.
This Amendment is filed by the Snap-on Incorporated Benefit
Trust (by the Northern Trust Company as Trustee), 2801 80 th Street,
Kenosha, WI 53141-1410. |

| Item
4 is hereby amended in its entirety to read as follows: — Item
4 . | Ownership : | | | |
| --- | --- | --- | --- | --- |
| | (a) | Amount
Beneficially Owned: 407,575 * | | |
| | (b) | Percent
of Class: 0.7% | | |
| | (c) | Number
of shares as to which such person has: | | |
| | | (i) (ii) (iii) (iv) | sole
power to vote or to direct the vote: shared power to vote or to direct the vote: sole power to dispose or to direct the disposition of: shared power to dispose or to direct the disposition of: | 0 40 7,575 * 0 407 ,575 ** |
| * The filing of this Statement on Schedule 13G by the Snap-on
Incorporated Benefit Trust (the “Trust”) does not constitute, and should not
be construed as, an admission that either the Trust or the Northern Trust
Company (the “Trustee”), beneficially owns any securities covered by this
Statement or is required to file this Statement. In this connection, the Trust and the
Trustee disclaim beneficial ownership of the securities covered by this
Statement. The Trust is designed to
acquire, hold and distribute shares of Company Common Stock for the purpose
of funding certain benefit programs and compensation arrangements of the
Company. All shares of Company stock
held in the Trust are voted by the Trustee in the same proportion as the
outstanding shares that are not held by the Trust have been voted, subject to
applicable law. ** Shares of Company stock in the Trust may
be disposed of by the Trust or Trustee only in accordance with the terms of
the Trust. | | | | |

| Item
5 is hereby amended in its entirety to read as follows: | |
| --- | --- |
| Item
5 . | Ownership
of 5% or Less of a Class : If this statement is being filed to report
the fact that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check
the following x . |

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*SIGNATURE*

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

February 7, 2007

Date

/s/ Alex Vecchiet
Name:	Alex Vecchiet
Title:	Vice President
	For The Northern Trust Company, as Trustee

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