ILLINOIS TOOL WORKS INC — Director's Dealing 2015

Sep 10, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2015-09-04

Reporting Person: Schlitz Lei Zhang (Executive Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	76	Direct
Common Stock	3910	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit (granted 2/15/2013)	$0.0		Common Stock (2108.0)		Direct
Restricted Stock Unit (granted 02/14/2014)	$0.0		Common Stock (1696.0)		Direct
Restricted Stock Unit (granted 02/13/15)	$0.0		Common Stock (1356.0)		Direct
Employee Stock Option	$43.64	2020-02-12	Common Stock (5519.0)		Direct
Employee Stock Option	$55.81	2021-02-11	Common Stock (16207.0)		Direct
Employee Stock Option	$55.71	2022-02-10	Common Stock (17422.0)		Direct
Employee Stock Option	$63.25	2023-02-15	Common Stock (13564.0)		Direct
Employee Stock Option	$78.59	2024-02-14	Common Stock (8800.0)		Direct
Employee Stock Option	$98.26	2025-02-13	Common Stock (6478.0)		Direct

Footnotes

F1: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of September 4, 2015.

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.

F4: Options vest in four (4) equal annual installments beginning one year from date of grant.