AI assistant
ILLINOIS TOOL WORKS INC — Director's Dealing 2016
Jul 22, 2016
29921_dirs_2016-07-22_3812a535-9e4c-4775-80c1-864cce1b0534.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: 2016-07-21
Reporting Person: VALLS JUAN (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-07-21 | Common Stock | M | 16403 | $43.64 | Acquired | 36424 | Direct |
| 2016-07-21 | Common Stock | S | 16403 | $113.94 | Disposed | 20021 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-07-21 | Employee Stock Option | $43.64 | M | 16403 | Disposed | 2020-02-12 | Common Stock (16403.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (16650.0) | 16650 | Direct |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (48622.0) | 48622 | Direct |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (52265.0) | 52265 | Direct |
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (17816.0) | 17816 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (40692.0) | 40692 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (24202.0) | 24202 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (3627.0) | 3627 | Direct | |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (3731.0) | 3731 | Direct | |
| Performance Restricted Stock Unit (granted 2/14/2014) | $0.0 | Common Stock (4665.0) | 4665 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $113.92 to $114. 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 annual installments beginning one year from date of grant.
F3: Each 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.