SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of
1934
November 17, 2008
Commission File Number 001-14978
SMITH & NEPHEW plc
(Registrant's name)
15 Adam Street
London, England WC2N 6LA
(Address of registrant's principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.]
Form 20-F
X
Form 40-F
---
---
[Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1).]
Yes
No X
---
---
[Indicate by check mark if the registrant is submitting the
Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7).]
Yes
No X
---
---
[Indicate by check mark whether by furnishing the information
contained
in this Form, the registrant is also thereby furnishing information to the
Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of
1934.]
Yes
No X
---
---
If "Yes" is marked, indicate below the file number assigned to
the
registrant in connection with Rule 12g3-2 (b) : 82- n/a.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Smith
& Nephew Plc
(Registrant)
Date: November 17, 2008
By: /s/ Paul Chambers
-----------------
Paul Chambers
Company Secretary
Smith & Nephew plc
17 November 2008
Smith & Nephew plc - Transaction in Own Shares
Smith & Nephew plc announces that on 17 November 2008 it transferred a total of 26,808 ordinary shares of US$0.20 each to participants of the Smith & Nephew ShareSave Plan and the Smith & Nephew International ShareSave Plan, following the maturity of options on 1 November 2008.
The shares, which were all formerly held as Treasury shares, were transferred as follows:
6,022 ordinary shares at an exercise price of 321p per share;and
20,786 ordinary shares at an exercise price of 425p per share;
Following the above transactions, Smith & Nephew plc holds 66,634,911 ordinary shares in treasury, and has 883,032,276 ordinary shares in issue (excluding treasury shares).
Paul Chambers
Company Secretary