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 03, 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 03, 2008
 


                                                                       By:   /s/ Paul Chambers
                                                        -----------------
                                                 Paul Chambers
                                                 Company Secretary
 


Smith & Nephew plc
 
3 November 2008

Smith & Nephew plc – Transaction in Own Shares
 
Smith & Nephew plc announces that on 3 November 2008 it transferred a total of 312,427 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:
 

106,210 ordinary shares at an exercise price of 321p per share;

205,239 ordinary shares at an exercise price of 425p per share;

736 ordinary shares at an exercise price of 474p per share; and

242 ordinary shares at an exercise price of 526p per share.
  

Following the above transactions, Smith & Nephew plc holds 66,688,256 ordinary shares in treasury, and has 882,968,018 ordinary shares in issue (excluding treasury shares).
 
 
Paul Chambers
Company Secretary