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ILLINOIS TOOL WORKS INC — Director's Dealing 2012
Oct 30, 2012
29921_dirs_2012-10-30_6bee1633-51ad-4056-b8ae-e062645970d4.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: 2012-10-26
Reporting Person: GARDNER TIMOTHY J (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-10-26 | Common Stock | M | 25000 | $48.51 | Acquired | 35651 | Direct |
| 2012-10-26 | Common Stock | S | 25000 | $60.37 | Disposed | 10651 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-10-26 | Employee Stock Option | $48.51 | M | 25000 | Disposed | 2018-02-08 | Common Stock (25000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2384 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $47.13 | 2014-12-10 | Common Stock (4000) | 4000 | Direct |
| Employee Stock Option | $51.60 | 2017-02-09 | Common Stock (22000) | 22000 | Direct |
| Employee Stock Option | $35.12 | 2019-02-13 | Common Stock (5420) | 5420 | Direct |
| Employee Stock Option | $43.64 | 2020-02-12 | Common Stock (24331) | 36497 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2010) | $0.00 | Common Stock (5347) | 5347 | Direct | |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (40519) | 40519 | Direct |
| Performance Restricted Stock Unit (granted 2/11/2011) | $0.00 | Common Stock (5375) | 5375 | Direct | |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (47909) | 47909 | Direct |
| Performance Restricted Stock Unit (granted 2/10/2012) | $0.00 | Common Stock (5924) | 5924 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $60.02 to $60.65. 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: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of October 26, 2012.
F3: Options vest in four (4) equal annual installments beginning one year from date of grant.
F4: Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
F5: Each PRSU vests 100% three years from the date of grant if performance goals are met.