Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Ward Thomas J
  2. Issuer Name and Ticker or Trading Symbol
SNAP ON INC [SNA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr VP & President - Tools
(Last)
(First)
(Middle)
2801 80TH STREET
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2008
(Street)

KENOSHA, WI 53143
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/06/2008   M   2,000 A $ 34.5 2,471.823 D  
Common Stock 05/06/2008   M   10,000 A $ 29.16 12,471.823 D  
Common Stock 05/06/2008   S   8 D $ 60.2 12,463.823 D  
Common Stock 05/06/2008   S   200 D $ 60.21 12,263.823 D  
Common Stock 05/06/2008   S   300 D $ 60.22 11,963.823 D  
Common Stock 05/06/2008   S   400 D $ 60.23 11,563.823 D  
Common Stock 05/06/2008   S   204 D $ 60.24 11,359.823 D  
Common Stock 05/06/2008   S   896 D $ 60.25 10,463.823 D  
Common Stock 05/06/2008   S   1,000 D $ 60.26 9,463.823 D  
Common Stock 05/06/2008   S   1,500 D $ 60.27 7,963.823 D  
Common Stock 05/06/2008   S   100 D $ 60.272 7,863.823 D  
Common Stock 05/06/2008   S   100 D $ 60.29 7,763.823 D  
Common Stock 05/06/2008   S   100 D $ 60.293 7,663.823 D  
Common Stock 05/06/2008   S   300 D $ 60.3 7,363.823 D  
Common Stock 05/06/2008   S   700 D $ 60.31 6,663.823 D  
Common Stock 05/06/2008   S   600 D $ 60.32 6,063.823 D  
Common Stock 05/06/2008   S   300 D $ 60.33 5,763.823 D  
Common Stock 05/06/2008   S   400 D $ 60.34 5,363.823 D  
Common Stock 05/06/2008   S   200 D $ 60.36 5,163.823 D  
Common Stock 05/06/2008   S   300 D $ 60.363 4,863.823 D  
Common Stock 05/06/2008   S   200 D $ 60.38 4,663.823 D  
Common Stock 05/06/2008   S   200 D $ 60.39 4,463.823 D  
Common Stock 05/06/2008   S   400 D $ 60.4 4,063.823 D  
Common Stock 05/06/2008   S   300 D $ 60.42 3,763.823 D  
Common Stock 05/06/2008   S   100 D $ 60.43 3,663.823 D  
Common Stock 05/06/2008   S   300 D $ 60.45 3,363.823 D  
Common Stock 05/06/2008   S   100 D $ 60.46 3,263.823 D  
Common Stock 05/06/2008   S   200 D $ 60.47 3,063.823 D  
Common Stock 05/06/2008   S   500 D $ 60.48 2,563.823 D  
Common Stock 05/06/2008   S   100 D $ 60.482 2,463.823 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 34.5 05/06/2008   M     2,000 01/22/2001 01/22/2009 Common Stock 2,000 (1) 0 D  
Stock Option (Right to Buy) $ 29.16 05/06/2008   M     10,000 05/29/2003 05/29/2011 Common Stock 10,000 (1) 0 D  
Stock Option (Right to Buy) $ 32.22             01/25/2004 01/25/2012 Common Stock 9,000   9,000 D  
Stock Option (Right to Buy) $ 31.52             01/23/2006 01/23/2014 Common Stock 7,200   7,200 D  
Stock Option (Right to Buy) $ 33.75             02/18/2007 02/18/2015 Common Stock 6,480   6,480 D  
Stock Option (Right to Buy) $ 31.48             02/18/2007 04/01/2015 Common Stock 3,220   3,220 D  
Stock Option (Right to Buy) $ 39.35             02/16/2008 02/16/2016 Common Stock 15,000   15,000 D  
Stock Option (Right to Buy) $ 37.47             04/27/2008 04/27/2016 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 50.22               (2) 02/15/2017 Common Stock 40,000   40,000 D  
Stock Option (Right to Buy) $ 54.5               (3) 04/30/2017 Common Stock 10,000   10,000 D  
Stock Option (Right to Buy) $ 51.75               (4) 02/13/2018 Common Stock 40,000   40,000 D  
Restricted Stock (5)               (6)   (6) Common Stock 12,000   12,000 D  
Restricted Stock (5)               (7)   (7) Common Stock 18,500   18,500 D  
Restricted Stock (5)               (8)   (8) Common Stock 20,600   20,600 D  
Deferred Stock Units (5)               (9)   (9) Common Stock 6.6774 (10)   6.6774 (10) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Ward Thomas J
2801 80TH STREET
KENOSHA, WI 53143
      Sr VP & President - Tools  

Signatures

 Kenneth V. Hallett under Power of Attorney for Thomas J. Ward   05/07/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Exercise of Rule 16b-3 stock option.
(2) 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.
(3) 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.
(4) One third of the option vests on each of 2/13/2009, 2/13/2010 and 2/13/2011.
(5) 1 for 1.
(6) The stock vests on the achievement of certain company initiatives over the 2006-2008 period.
(7) The stock vests on the achievement of certain company initiatives over the 2007-2009 period.
(8) The stock vests on the achievement of certain company initiatives over the 2008-2010 period.
(9) Payments 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.
(10) Includes 0.0421 deferred stock units acquired though exempt dividend reinvestments.
 
Remarks:
Due to line entry restrictions, this is form 1 of 2 reporting exempt option exercises for a total of 12,000 shares, and the sale of those shares, on May 6, 2008.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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