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ILLINOIS TOOL WORKS INC — Director's Dealing 2012
Sep 5, 2012
29921_dirs_2012-09-05_c02017b9-3010-4da0-a094-fe65b21e9a22.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: 2012-09-04
Reporting Person: VALLS JUAN (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-09-04 | Common Stock | M | 18700 | $42.08 | Acquired | 26118 | Direct |
| 2012-09-04 | Common Stock | S | 18700 | $58.81 | Disposed | 7418 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-09-04 | Employee Stock Option | $42.08 | M | 18700 | Disposed | 2016-02-01 | Common Stock (18700) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $51.60 | 2017-02-09 | Common Stock (20000) | 20000 | Direct |
| Employee Stock Option | $48.51 | 2018-02-08 | Common Stock (60000) | 60000 | Direct |
| Employee Stock Option | $35.12 | 2019-02-13 | Common Stock (45703) | 45703 | 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 2/11/2011) | $0.00 | Common Stock (6450) | 6450 | Direct | |
| Performance Restricted 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: This transaction was executed in multiple trades at prices ranging from $58.68 to $59.01. 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.