ILLINOIS TOOL WORKS INC - Director's Dealing 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2016-04-25

Reporting Person: NAGARAJAN SUNDARAM (Executive Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-25	Common Stock	I	2698	$104.48	Disposed	0	Indirect

Security	Shares	Ownership
Common Stock	20217	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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	$55.71	2022-02-10	Common Stock (34299.0)	34299	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
Employee Stock Option	$55.81	2021-02-11	Common Stock (18234.0)	18234	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

F1: By 401(k) Plan.

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.