ILLINOIS TOOL WORKS INC — Director's Dealing 2015

Feb 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2015-02-13

Reporting Person: Larsen Michael M (SVP & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-13	Employee Stock Option	$98.26	A	43731	Acquired	2026-02-13	Common Stock (43731.0)	Direct
2015-02-13	Performance Restricted Stock Unit (granted 2/13/15)	$0.0	A	9159	Acquired		Common Stock (9159.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit (granted 9/16/2013)	$0.0		Common Stock (13316.0)	13316	Direct
Employee Stock Option	$78.59	2024-02-14	Common Stock (55005.0)	55005	Direct
Performance Restricted Stock Unit (granted 2/14/2014)	$0.0		Common Stock (10603.0)	10603	Direct
Employee Stock Option	$75.1	2023-09-16	Common Stock (69930.0)	69930	Direct

Footnotes

F1: Held jointly with spouse.

F2: Options vest in four (4) equal annual installments beginning one year from date of grant.

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

F6: Each RSU vests 100% three years from the date of grant.