ILLINOIS TOOL WORKS INC — Director's Dealing 2004

Oct 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2004-10-20

Reporting Person: HANSEN THOMAS J (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-20	Common Stock	M	12000	$54.62	Acquired	38533	Direct
2004-10-20	Common Stock	M	42000	$55.875	Acquired	80533	Direct
2004-10-20	Common Stock	S	54000	$89.0417	Disposed	26533	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-20	Employee Stock Option	$54.62	M	12000	Disposed	2007-12-12	Common Stock (12000)	Direct
1998-12-11	Employee Stock Option	$58.25	A	30000	Acquired	2008-12-11	Common Stock (30000)	Direct
1999-12-17	Employee Stock Option	$65.50	A	30000	Acquired	2009-12-17	Common Stock (30000)	Direct
2004-10-20	Employee Stock Option	$55.875	M	42000	Disposed	2010-12-15	Common Stock (42000)	Direct
2001-12-14	Employee Stock Option	$62.25	A	60000	Acquired	2011-12-14	Common Stock (60000)	Direct

Footnotes

F1: Includes Restricted stock vesting over 3 year period: 12/16/03, 12/16/04, 12/16/05

F2: Includes Restricted Stock vesting over 3 year period: 12/16/2004, 12/16/2005, 12/18/2006

F3: Options vest in four equal annual installments beginning one year from date of grant.