ILLINOIS TOOL WORKS INC - Director's Dealing 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: GREEN MARIA C (Sr. VP, General Counsel & Secy)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-13	Common Stock	M	5385	—	Acquired	17965	Direct
2015-02-13	Common Stock	F	2041	$97.05	Disposed	15924	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-13	Performance Restricted Stock Unit (granted 2/10/2012)	$0.0	M	5385	Disposed		Common Stock (5385.0)	Direct
2015-02-13	Employee Stock Option	$98.26	A	17816	Acquired	2026-02-13	Common Stock (17816.0)	Direct
2015-02-13	Performance Restricted Stock Unit (granted 2/13/15)	$0.0	A	3731	Acquired		Common Stock (3731.0)	Direct

Security	Shares	Ownership
Common Stock	355	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Restricted Stock Unit (granted 2/14/2014)	$0.0		Common Stock (4665.0)	4665	Direct
Employee Stock Option	$55.81	2021-02-11	Common Stock (10859.0)	10859	Direct
Performance Restricted Stock Unit (granted 2/15/2013)	$0.0		Common Stock (5270.0)	5270	Direct
Employee Stock Option	$55.71	2022-02-10	Common Stock (43554.0)	43554	Direct
Employee Stock Option	$78.59	2024-02-14	Common Stock (24202.0)	24202	Direct
Employee Stock Option	$48.51	2018-02-08	Common Stock (7500.0)	7500	Direct
Employee Stock Option	$63.25	2023-02-15	Common Stock (33910.0)	33910	Direct
Employee Stock Option	$51.6	2017-02-09	Common Stock (7500.0)	7500	Direct

F1: Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.

F2: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan as of February 13, 2015.

F3: The PRSU award became vested and payable on February 13, 2015.

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

F5: Each PRSU vests 100% three years from the date of grant if performance goals are met.