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ILLINOIS TOOL WORKS INC — Director's Dealing 2016
Aug 15, 2016
29921_dirs_2016-08-15_b6cc7081-1650-47ba-b0eb-f69e2c40ff62.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: 2016-08-11
Reporting Person: Parry David C (Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-11 | Common Stock | M | 40000 | $55.81 | Acquired | 40584 | Direct |
| 2016-08-11 | Common Stock | S | 40000 | $118.49 | Disposed | 584 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-11 | Employee Stock Option | $55.81 | M | 40000 | Disposed | 2021-02-11 | Common Stock (40000.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1191 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (48590.0) | 48590 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (49950.0) | 49950 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (66006.0) | 66006 | Direct |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (108885.0) | 108885 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (101729.0) | 101729 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (10883.0) | 10883 | Direct | |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (10177.0) | 10177 | Direct | |
| Performance Restricted Stock Unit (granted 2/14/2014) | $0.0 | Common Stock (12274.0) | 12274 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $118.43 to $118.64. 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: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of August 11, 2016.
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.