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ILLINOIS TOOL WORKS INC — Director's Dealing 2016
Jul 22, 2016
29921_dirs_2016-07-22_32ed8b82-ccac-4ed4-8429-ecdb63f7541d.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: 2016-07-21
Reporting Person: SCHEUNEMAN RANDALL J (VP & Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-07-21 | Common Stock | M | 15641 | $43.64 | Acquired | 19791 | Direct |
| 2016-07-21 | Common Stock | S | 15641 | $114.21 | Disposed | 4150 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-07-21 | Employee Stock Option | $43.64 | M | 15641 | Disposed | 2020-02-12 | Common Stock (15641.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (11977.0) | 11977 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (5827.0) | 5827 | Direct |
| Employee Stock Option | $98.26 | 2026-02-13 | Common Stock (5425.0) | 5425 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (6820.0) | 6820 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (9664.0) | 9664 | Direct |
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (14931.0) | 14931 | Direct |
| Restricted Stock Unit (granted 02/13/15) | $0.0 | Common Stock (1136.0) | 1136 | Direct | |
| Restricted Stock Unit (granted 02/14/2014) | $0.0 | Common Stock (1314.0) | 1314 | Direct | |
| Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (1269.0) | 1269 | Direct |
Footnotes
F1: This transaction was executed in multiple prices ranging from $114.19 to $114.29. 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 restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.
F4: Each RSU vests 100% three years from the date of grant.