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ILLINOIS TOOL WORKS INC — Director's Dealing 2012
Aug 21, 2012
29921_dirs_2012-08-21_6a78790a-b2fc-4e27-8e04-bd70e614d09b.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: SPEER DAVID B (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-08-17 | Common Stock | M | 156223 | $47.13 | Acquired | 318681 | Indirect |
| 2012-08-17 | Common Stock | S | 156223 | $60.00 | Disposed | 162458 | Indirect |
| 2012-08-17 | Common Stock | M | 180073 | $42.08 | Acquired | 191908 | Direct |
| 2012-08-17 | Common Stock | S | 180073 | $60.00 | Disposed | 11974 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-08-17 | Employee Stock Option | $47.13 | M | 156223 | Disposed | 2014-12-10 | Common Stock (156223) | Indirect |
| 2012-08-17 | Employee Stock Option | $42.08 | M | 180073 | Disposed | 2016-02-01 | Common Stock (180073) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2049 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $47.13 | 2014-12-10 | Common Stock (75000) | 75000 | Direct |
| Employee Stock Option | $55.97 | 2016-02-01 | Common Stock (33270) | 33270 | Indirect |
| Employee Stock Option | $57.67 | 2016-02-01 | Common Stock (114284) | 114284 | Indirect |
| Employee Stock Option | $51.60 | 2017-02-09 | Common Stock (300000) | 300000 | Direct |
| Employee Stock Option | $51.60 | 2017-02-09 | Common Stock (100000) | 100000 | Indirect |
| Employee Stock Option | $48.51 | 2018-02-08 | Common Stock (500000) | 500000 | Direct |
| Employee Stock Option | $35.12 | 2019-02-13 | Common Stock (433593) | 433593 | Direct |
| Employee Stock Option | $43.64 | 2020-02-12 | Common Stock (462982) | 462982 | Direct |
| Performance Restricted Stock Unit (granted 2/12/10) | $0.00 | Common Stock (50871) | 50871 | Direct | |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (324149) | 324149 | Direct |
| Performance Restricted Stock Unit (granted 2/11/11) | $0.00 | Common Stock (43003) | 43003 | Direct | |
| Performance Restricted Stock Unit (granted 2/10/12) | $0.00 | Common Stock (48465) | 48465 | Direct | |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (391986) | 391986 | Direct |
Footnotes
F1: Shares are held by Speer Investment Partners, LP (FLP), a family limited partnership of which the reporting person is the sole general partner. The reporting person disclaims beneficial ownership of shares held by FLP except to the extent of his pecuniary interest therein.
F2: This amount includes shares acquired under dividend reinvestment plan.
F3: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of August 17, 2012.
F4: Options are held by Speer Investment Partners, LP (FLP), a family limited partnership of which the reporting person is the sole general partner. The reporting person disclaims beneficial ownership of options held by FLP except to the extent of his pecuniary interest therein.
F5: Options vest in four (4) equal annual installments beginning one year from date of grant.
F6: Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
F7: Each PRSU vests 100% three years from the date of grant if performance goals are met.