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ILLINOIS TOOL WORKS INC — Director's Dealing 2016
Nov 23, 2016
29921_dirs_2016-11-23_597ec4a3-1214-4db0-8bfe-e71a18d054e2.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: 2016-11-22
Reporting Person: Zimmerman Michael R. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-22 | Common Stock | M | 9238 | $55.81 | Acquired | 11016 | Direct |
| 2016-11-22 | Common Stock | S | 9238 | $123.63 | Disposed | 1778 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-22 | Employee Stock Option | $55.81 | M | 9238 | Disposed | 2021-02-11 | Common Stock (9238.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (6600.0) | 6600 | Direct |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (10017.0) | 10017 | Direct |
| Employee Stock Option | $63.25 | 2023-02-14 | Common Stock (9325.0) | 9325 | Direct |
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (13362.0) | 13362 | Direct |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (2798.0) | 2798 | Direct | |
| Restricted Stock Unit (granted 02/14/2014) | $0.0 | Common Stock (1272.0) | 1272 | Direct | |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (15817.0) | 15817 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (3446.0) | 3446 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $123.62 to $123.64. 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: Options vest in four (4) equal installments beginning one year from date of grant.
F3: Each restricted stock unit (RSU) and 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 RSU vests 100% three years from the date of grant.