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ILLINOIS TOOL WORKS INC — Director's Dealing 2014
Dec 9, 2014
29921_dirs_2014-12-09_74fc7d8c-100b-42aa-b8c9-df77fb8bc3aa.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: 2014-12-05
Reporting Person: O'HERLIHY CHRISTOPHER A (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-12-05 | Common Stock | M | 13007 | $35.12 | Acquired | 20821 | Direct |
| 2014-12-05 | Common Stock | S | 13007 | $96.79 | Disposed | 7814 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-12-05 | Employee Stock Option | $35.12 | M | 13007 | Disposed | 2019-02-13 | Common Stock (13007.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1533 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Restricted Stock Unit (granted 2/10/2012) | $0.0 | Common Stock (5385.0) | 5385 | Direct | |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (37301.0) | 37301 | Direct |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (36467.0) | 36467 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (29702.0) | 29702 | Direct |
| Performance Restricted Stock Unit (granted 2/14/2014) | $0.0 | Common Stock (5725.0) | 5725 | Direct | |
| Employee Stock Option | $43.64 | 2020-02-12 | Common Stock (22941.0) | 22941 | Direct |
| Performance Restricted Stock Unit (granted 2/15/2013) | $0.0 | Common Stock (5797.0) | 5797 | Direct | |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (43554.0) | 43554 | Direct |
Footnotes
F1: This transaction was executed at multiple prices ranging from $96.795 to $96.80. 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: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of December 5, 2014.
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.