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ILLINOIS TOOL WORKS INC — Director's Dealing 2017
May 15, 2017
29921_dirs_2017-05-15_d7a215c2-c83e-420e-b33a-6ccb5fc1e3e3.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: 2017-05-11
Reporting Person: SANTI ERNEST SCOTT (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-11 | Common Stock | M | 101197 | $55.81 | Acquired | 191142 | Direct |
| 2017-05-11 | Common Stock | S | 101197 | $138.03 | Disposed | 89945 | Direct |
| 2017-05-12 | Common Stock | M | 100 | $55.81 | Acquired | 90045 | Direct |
| 2017-05-12 | Common Stock | S | 100 | $138 | Disposed | 89945 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-11 | Employee Stock Option | $55.81 | M | 101197 | Disposed | 2021-02-11 | Common Stock (101197.0) | Direct |
| 2017-05-12 | Employee Stock Option | $55.81 | M | 100 | Disposed | 2021-02-11 | Common Stock (100.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3650 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (184645.0) | 184645 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (224422.0) | 224422 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (305188.0) | 305188 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (199800.0) | 199800 | Direct |
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (108885.0) | 108885 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (32651.0) | 32651 | Direct | |
| Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | Common Stock (29004.0) | 29004 | Direct | |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (195676.0) | 195676 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (20607.0) | 20607 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $138.00 to $138.19. 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 stockholder 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 May 11, 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. In addition, PSUs accrue dividend equivalent rights payable upon vesting.