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ILLINOIS TOOL WORKS INC — Director's Dealing 2014
Mar 17, 2014
29921_dirs_2014-03-17_2b597989-cec5-4af2-a886-b039a71ca46b.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: 2014-03-13
Reporting Person: MARTEL ROLAND M (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-13 | Common Stock | M | 60703 | $35.12 | Acquired | 81832 | Direct |
| 2014-03-13 | Common Stock | S | 44803 | $81.52 | Disposed | 37029 | Direct |
| 2014-03-13 | Common Stock | S | 15900 | $82.22 | Disposed | 21129 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-13 | Employee Stock Option | $35.12 | M | 60703 | Disposed | 2019-02-13 | Common Stock (60703.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (29702.0) | 29702 | Direct |
| Performance Restricted Stock Unit (granted 2/15/2013) | $0.0 | Common Stock (6588.0) | 6588 | Direct | |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (42387.0) | 42387 | Direct |
| Employee Stock Option | $43.64 | 2020-02-12 | Common Stock (64818.0) | 64818 | Direct |
| Performance Restricted Stock Unit granted 2/10/2012) | $0.0 | Common Stock (6462.0) | 6462 | Direct | |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (48622.0) | 48622 | Direct |
| Employee Stock Option | $48.51 | 2018-02-08 | Common Stock (70000.0) | 70000 | Direct |
| Employee Stock Option | $51.6 | 2017-02-09 | Common Stock (60000.0) | 60000 | Direct |
| Performance Restricted Stock Unit (granted 2/14/2014) | $0.0 | Common Stock (5725.0) | 5725 | Direct | |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (52265.0) | 52265 | Direct |
Footnotes
F1: This transaction was executed at multiple prices ranging from $80.94 to $81.89. 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: This transaction was executed at multiple prices ranging from $81.90 to $82.54. The price reported above reflects the weighted average sale price.
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.