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ILLINOIS TOOL WORKS INC — Director's Dealing 2016
Feb 5, 2016
29921_dirs_2016-02-05_d57dc3bf-2c8f-49c3-b729-08572f15215f.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: 2016-02-03
Reporting Person: Parry David C (Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-03 | Common Stock | M | 70000 | $48.51 | Acquired | 70044 | Direct |
| 2016-02-03 | Common Stock | S | 70000 | $89.30 | Disposed | 44 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-03 | Employee Stock Option | $48.51 | M | 70000 | Disposed | 2018-02-08 | Common Stock (70000.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1182 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $55.81 | 2021-02-11 | Common Stock (81037.0) | 81037 | Direct |
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (48590.0) | 48590 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (66006.0) | 66006 | Direct |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (108885.0) | 108885 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (101729.0) | 101729 | Direct |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (10177.0) | 10177 | Direct | |
| Performance Restricted Stock Unit (granted 2/14/2014) | $0.0 | Common Stock (12274.0) | 12274 | Direct | |
| Performance Restricted Stock Unit (granted 2/15/2013) | $0.0 | Common Stock (15810.0) | 15810 | Direct |
Footnotes
F1: This transaction was executed at multiple trades at prices ranging from $88.60 to $89.97. 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: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of February 3, 2016.
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.