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ILLINOIS TOOL WORKS INC — Director's Dealing 2012
Aug 21, 2012
29921_dirs_2012-08-21_4c1d0dac-47f9-423d-acd9-75d0e10b2c55.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: 2012-08-17
Reporting Person: WARNER JANE L (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-08-17 | Common Stock | M | 15000 | $51.60 | Acquired | 29419 | Direct |
| 2012-08-17 | Common Stock | S | 15000 | $59.81 | Disposed | 14419 | Direct |
| 2012-08-17 | Common Stock | M | 60000 | $48.51 | Acquired | 74419 | Direct |
| 2012-08-17 | Common Stock | S | 60000 | $59.81 | Disposed | 14419 | Direct |
| 2012-08-17 | Common Stock | M | 10000 | $42.08 | Acquired | 24419 | Direct |
| 2012-08-17 | Common Stock | S | 10000 | $59.81 | Disposed | 14419 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-08-17 | Employee Stock Option | $42.08 | M | 10000 | Disposed | 2016-02-01 | Common Stock (10000) | Direct |
| 2012-08-17 | Employee Stock Option | $51.60 | M | 15000 | Disposed | 2017-02-09 | Common Stock (15000) | Direct |
| 2012-08-17 | Employee Stock Option | $48.51 | M | 60000 | Disposed | 2018-02-08 | Common Stock (60000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $35.12 | 2019-02-13 | Common Stock (60703) | 60703 | Direct |
| Employee Stock Option | $43.64 | 2020-02-12 | Common Stock (64818) | 64818 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2010) | $0.00 | Common Stock (7122) | 7122 | Direct | |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (48622) | 48622 | Direct |
| Performance Restricted Stock Unit (granted 2/11/2012) | $0.00 | Common Stock (6450) | 6450 | Direct | |
| Performance Restricted Stock Unit (granted 2/10/2012) | $0.00 | Common Stock (6462) | 6462 | Direct | |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (52265) | 52265 | Direct |
Footnotes
F1: These transactions were executed in multiple trades at prices ranging from $59.66 to $59.91. 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 performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
F4: Each PRSU vests 100% three years from the date of grant if performance goals are met.