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ILLINOIS TOOL WORKS INC — Director's Dealing 2017
May 31, 2017
29921_dirs_2017-05-31_b29fce20-9789-4b2f-bf68-edb2b42b8c86.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: 2017-05-26
Reporting Person: Larsen Michael M (SVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-26 | Common Stock | M | 52447 | $75.10 | Acquired | 67383 | Direct |
| 2017-05-26 | Common Stock | S | 52447 | $140.62 | Disposed | 14936 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-26 | Employee Stock Option | $75.1 | M | 52447 | Disposed | 2023-09-16 | Common Stock (52447.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (43731.0) | 43731 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (44955.0) | 44955 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (55005.0) | 55005 | Direct |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (9159.0) | 9159 | Direct | |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (9795.0) | 9795 | Direct | |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (51248.0) | 51248 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (5371.0) | 5371 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $140.40 to $140.76. 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: 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.