ILLINOIS TOOL WORKS INC - Director's Dealing 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2016-11-14

Reporting Person: Hartnett John R. (Executive Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-14	Common Stock	M	7500	$48.51	Acquired	16399	Direct
2016-11-14	Common Stock	S	7500	$123.69	Disposed	8899	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-14	Employee Stock Option	$48.51	M	7500	Disposed	2018-02-08	Common Stock (7500.0)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$43.64	2020-02-12	Common Stock (13889.0)	13889	Direct
Employee Stock Option	$55.71	2022-02-10	Common Stock (13066.0)	13066	Direct
Employee Stock Option	$63.25	2023-02-15	Common Stock (28823.0)	28823	Direct
Employee Stock Option	$55.81	2021-02-11	Common Stock (11750.0)	11750	Direct
Employee Stock Option	$78.59	2024-02-14	Common Stock (24202.0)	24202	Direct
Employee Stock Option	$91.88	2026-02-12	Common Stock (19980.0)	19980	Direct
Employee Stock Option	$98.26	2025-02-13	Common Stock (19436.0)	19436	Direct
Performance Restricted Stock Unit (granted 2/12/2016)	$0.0		Common Stock (4353.0)	4353	Direct
Performance Restricted Stock Unit (granted 2/13/15)	$0.0		Common Stock (4070.0)	4070	Direct
Performance Restricted Stock Unit (granted 2/14/2014)	$0.0		Common Stock (4665.0)	4665	Direct

F1: Options vest in four (4) equal annual installments beginning one year from date of grant.

F2: Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.

F3: Each PRSU vests 100% three years from the date of grant if performance goals are met.