AI assistant
ILLINOIS TOOL WORKS INC — Director's Dealing 2016
Nov 14, 2016
29921_dirs_2016-11-14_705f2922-ddfb-4671-b94e-7ed0cb31a81e.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2016-11-10
Reporting Person: NAGARAJAN SUNDARAM (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-10 | Common Stock | M | 34299 | $55.71 | Acquired | 54516 | Direct |
| 2016-11-10 | Common Stock | S | 6247 | $122.171 | Disposed | 48269 | Direct |
| 2016-11-10 | Common Stock | S | 28052 | $122.726 | Disposed | 20217 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-10 | Employee Stock Option | $55.71 | M | 34299 | Disposed | 2022-02-10 | Common Stock (34299.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (9114.0) | 9114 | Direct |
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (21056.0) | 21056 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (27502.0) | 27502 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (37301.0) | 37301 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (22893.0) | 22893 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (4988.0) | 4988 | Direct | |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (4410.0) | 4410 | Direct | |
| Performance Restricted Stock Unit (granted 2/14/2014) | $0.0 | Common Stock (5301.0) | 5301 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $121.58 to $122.57. 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 transactions described in footnotes (1) and (2) of this Form 4 were effected.
F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.58 to $122.91, inclusive.
F3: Options vest in four (4) equal annual installments beginning one year from date of grant.
F4: Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
F5: Each PRSU vests 100% three years from the date of grant if performance goals are met.