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ILLINOIS TOOL WORKS INC — Director's Dealing 2017
Oct 4, 2017
29921_dirs_2017-10-04_38e45359-6b03-4b9b-82a1-f8084d91d2d5.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: 2017-10-02
Reporting Person: Hartnett John R. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-10-02 | Common Stock | M | 6533 | $55.71 | Acquired | 18622 | Direct |
| 2017-10-02 | Common Stock | S | 6533 | $150 | Disposed | 12089 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-10-02 | Employee Stock Option | $55.71 | M | 6533 | Disposed | 2022-02-10 | Common Stock (6533.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (28823.0) | 28823 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (24202.0) | 24202 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (19980.0) | 19980 | Direct |
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (19436.0) | 19436 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (4353.0) | 4353 | Direct | |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (4070.0) | 4070 | Direct | |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (2464.0) | 2464 | Direct | |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (23294.0) | 23294 | Direct |
Footnotes
F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and approved by the issuer effective June 12, 2017.
F2: Options vest in four (4) equal annual installments beginning one year from date of grant.
F3: Each performance restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
F4: Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.
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.