ILLINOIS TOOL WORKS INC — Director's Dealing 2017

Oct 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2017-10-25

Reporting Person: Finch Norman D. Jr. (Sr. VP, General Counsel & Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-25	Common Stock	P	4371	$156.33	Acquired	4371	Direct
2017-10-25	Commom Stock	P	615	$156.40	Acquired	615	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$126.88	2027-02-01	Common Stock (28928.0)	28928	Direct
Restricted Stock Unit (granted 2/1/17)	$0.0		Common Stock (6108.0)	6108	Direct
Employee Stock Option	$128.0	2027-02-10	Common Stock (15374.0)	15374	Direct
Performance Share Units granted 2/10/17	$0.0		Common Stock (1634.0)	1634	Direct

Footnotes

F1: Shares of common stock held in spouse's IRA.

F2: Options vest in four (4) equal installments beginning one year from date of grant.

F3: Each restricted stock unit (RSU) and performance share unit (PSU) 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.

F5: PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents accrued to date.

F6: Each PSU vests 100% three years from the date of grant if performance goals are met.