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ILLINOIS TOOL WORKS INC — Director's Dealing 2013
Dec 27, 2013
29921_dirs_2013-12-27_8e7ef739-1045-4e43-a551-49435b11f96b.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: 2013-12-24
Reporting Person: BRADY SHARON M (SR VP Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-12-24 | Common Stock | M | 30000 | $48.51 | Acquired | 34781 | Direct |
| 2013-12-24 | Common Stock | S | 30000 | $83.02 | Disposed | 4781 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-12-24 | Employee Stock Option | $48.51 | M | 30000 | Disposed | 2018-02-08 | Common Stock (30000.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (52265.0) | 52265 | Direct |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (48622.0) | 48622 | Direct |
| Employee Stock Option | $43.64 | 2020-02-12 | Common Stock (16205.0) | 16205 | Direct |
| Performance Restricted Stock Unit (granted 2/10/2012) | $0.0 | Common Stock (6462.0) | 6462 | Direct | |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (40692.0) | 40692 | Direct |
| Performance Restricted Stock Unit (granted 02/15/2013) | $0.0 | Common Stock (6324.0) | 6324 | Direct | |
| Performance Restricted Stock Unit (granted 2/11/2011) | $0.0 | Common Stock (6450.0) | 6450 | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and approved by the issuer on October 25, 2013.
F2: This transaction was executed at multiple prices ranging from $83.00 to $83.05. 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.
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.