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ILLINOIS TOOL WORKS INC — Director's Dealing 2017
Jun 7, 2017
29921_dirs_2017-06-07_fb4a2228-17a2-4fe5-a5f5-746c763bcbda.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: 2017-06-05
Reporting Person: O'HERLIHY CHRISTOPHER A (Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-06-05 | Common Stock | M | 36467 | $55.81 | Acquired | 55878 | Direct |
| 2017-06-05 | Common Stock | S | 36467 | $144 | Disposed | 19411 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-05 | Employee Stock Option | $55.81 | M | 36467 | Disposed | 2021-02-11 | Common Stock (36467.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1608 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (22675.0) | 22675 | Direct |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (43554.0) | 43554 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (37462.0) | 37462 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (37301.0) | 37301 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (29702.0) | 29702 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (8162.0) | 8162 | Direct | |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (4749.0) | 4749 | Direct | |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (48453.0) | 48453 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (5078.0) | 5078 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $144.00 to $144.05. 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 June 5, 2017.
F3: Options vest in four (4) equal annual installments beginning one year from date of grant.
F4: 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.
F5: Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.