ILLINOIS TOOL WORKS INC — Director's Dealing 2016

Feb 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2016-02-05

Reporting Person: SMITH DAVID BYRON JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-05	Commom Stock	A	128	$90.41	Acquired	13296	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6404842	Indirect
Common Stock	15517	Indirect
Common Stock	102901	Direct
Common Stock	2422502	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units	$		Common Stock (1165.0)	1165	Direct

Footnotes

F1: Represents shares of common stock acquired pursuant to the Illinois Tool Works Inc. 2015 Long-Term Incentive Plan representing quarterly director fees.

F2: Shares held in various trusts of which reporting person has a partial direct beneficial interest.

F3: Shares held in various trusts of which the reporting person has a pecuniary interest and is a co-trustee with his spouse.

F4: Shares owned directly by reporting person with his spouse.

F5: Shares are held by 2009 Smith Family LP of which the reporting person has a partial direct beneficial interest.

F6: Represents units of phantom stock under the Phantom Stock Plan for non-employee directors as of February 5, 2016. Each unit is equal in value to one share of common stock. The units are not transferable and have no voting rights. Additional units are credited in amounts equivalent to cash dividends paid on the common stock.