ILLINOIS TOOL WORKS INC - Director's Dealing 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2014-02-14

Reporting Person: SCHEUNEMAN RANDALL J (VP & Chief Accounting Officer)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-14	Employee Stock Option	$78.59	A	6820	Acquired	2024-02-14	Common Stock (6820.0)	Direct
2014-02-14	Restricted Stock Unit (granted 02/14/2014)	$0.0	A	1314	Acquired		Common Stock (1314.0)	Direct

Security	Shares	Ownership
Common Stock	2162	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$55.71	2022-02-10	Common Stock (11977.0)	11977	Direct
Employee Stock Option	$43.64	2020-02-12	Common Stock (15641.0)	15641	Direct
Restricted Stock Unit (granted 02/10/2012)	$0.0		Common Stock (1481.0)	1481	Direct
Restricted Stock Unit (granted 2/15/2013)	$0.0		Common Stock (1502.0)	1502	Direct
Employee Stock Option	$63.25	2023-02-15	Common Stock (9664.0)	9664	Direct
Employee Stock Option	$55.81	2021-02-11	Common Stock (14931.0)	14931	Direct

F1: Options vest in four (4) equal annual installments beginning one year from date of grant.

F2: Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.

F3: Each RSU vests 100% three years from the date of grant.