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ILLINOIS TOOL WORKS INC — Director's Dealing 2014
Nov 10, 2014
29921_dirs_2014-11-10_26dc705f-425c-4855-8bfa-c88d4c528c1e.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: 2014-11-06
Reporting Person: SANTI ERNEST SCOTT (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-11-06 | Common Stock | M | 80000 | $48.51 | Acquired | 130792 | Direct |
| 2014-11-06 | Common Stock | S | 80000 | $92.50 | Disposed | 50792 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-11-06 | Employee Stock Option | $48.51 | M | 80000 | Disposed | 2018-02-08 | Common Stock (80000.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3478 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Restricted Stock Unit (granted 02/10/2012) | $0.0 | Common Stock (13463.0) | 13463 | Direct | |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (305188.0) | 305188 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (224422.0) | 224422 | Direct |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (101297.0) | 101297 | Direct |
| Performance Restricted Stock Unit (granted 2/15/2013) | $0.0 | Common Stock (35573.0) | 35573 | Direct | |
| Performance Restricted Stock Unit (granted 2/14/2014) | $0.0 | Common Stock (32446.0) | 32446 | Direct | |
| Employee Stock Option | $43.64 | 2020-02-12 | Common Stock (148154.0) | 148154 | Direct |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (108885.0) | 108885 | 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 effective June 3, 2014.
F2: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan---Information reported as of November 6, 2014.
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.
F5: Options vest in four (4) equal annual installments beginning one year from date of grant.