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ILLINOIS TOOL WORKS INC — Director's Dealing 2016
Jul 22, 2016
29921_dirs_2016-07-22_47b4f441-15ef-46c8-97f2-6528b87f57f3.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: Larsen Michael M (SVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-07-21 | Common Stock | S | 14000 | $113.99 | Disposed | 0 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (43731.0) | 43731 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (44955.0) | 44955 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (55005.0) | 55005 | Direct |
| Employee Stock Option | $75.1 | 2023-09-16 | Common Stock (69930.0) | 69930 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (9795.0) | 9795 | Direct | |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (9159.0) | 9159 | Direct | |
| Performance Restricted Stock Unit (granted 2/14/2014) | $0.0 | Common Stock (10603.0) | 10603 | Direct | |
| Restricted Stock Unit (granted 9/16/2013) | $0.0 | Common Stock (13316.0) | 13316 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $113.90 to $114.11. 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: Held jointly with spouse.
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.
F6: Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.
F7: Each RSU vests 100% three years from the date of grant.