ILLINOIS TOOL WORKS INC - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2011-02-11

Reporting Person: SCHEUNEMAN RANDALL J (VP & Chief Accounting Officer)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-11	Employee Stock Option	$55.81	A	14931	Acquired	2021-02-11	Common Stock (14931)	Direct
2011-02-11	Restricted Stock Unit	$0.00	A	1626	Acquired		Common Stock (1626)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$43.64	2020-02-12	Common Stock (15641)	15641	Direct
Restricted Stock Unit	$0.00		Common Stock (1719)	1719	Direct

F1: Options vest in four (4) equal annual installments beginning one year from date of grant.

F2: Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.

F3: Each RSU vests 100% three years from the date of grant.