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ILLINOIS TOOL WORKS INC — Director's Dealing 2011
Apr 28, 2011
29921_dirs_2011-04-28_7714c56a-4c66-4ae6-b531-13311c3a4113.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2011-04-27
Reporting Person: Brunner Robert E (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-04-27 | Common Stock | M | 6000 | $31.125 | Acquired | 11890 | Direct |
| 2011-04-27 | Common Stock | S | 6000 | $57.129 | Disposed | 5890 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-04-27 | Employee Stock Option | $31.125 | M | 6000 | Disposed | 2011-12-14 | Common Stock (6000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $47.13 | 2014-12-10 | Common Stock (15000) | 15000 | Direct |
| Employee Stock Option | $42.08 | 2016-02-01 | Common Stock (18700) | 18700 | Direct |
| Employee Stock Option | $51.60 | 2017-02-09 | Common Stock (60000) | 60000 | Direct |
| Employee Stock Option | $48.51 | 2018-02-08 | Common Stock (70000) | 70000 | Direct |
| Employee Stock Option | $35.12 | 2019-02-13 | Common Stock (60703) | 60703 | Direct |
| Qualifying Restricted Stock Unit | $0.00 | Common Stock (15256) | 15256 | Direct | |
| Employee Stock Option | $43.64 | 2020-02-12 | Common Stock (64818) | 64818 | Direct |
| Performance Restricted Stock Unit | $0.00 | Common Stock (7122) | 7122 | Direct | |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (47170) | 47170 | Direct |
| Performance Restricted Stock Unit | $0.00 | Common Stock (6258) | 6258 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $57.121 to $57.151. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F2: Options vest in four (4) equal annual installments beginning one year from date of grant.
F3: Each qualifying restricted stock unit (QRSU) and performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
F4: Each QRSU and PRSU vests 100% three years from the date of grant if performance goals are met.