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ILLINOIS TOOL WORKS INC — Director's Dealing 2017
Feb 16, 2017
29921_dirs_2017-02-16_8280ea15-300e-4b91-b584-b59454515a4c.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: 2017-02-14
Reporting Person: Schlitz Lei Zhang (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-14 | Common Stock | M | 1696 | — | Acquired | 1788 | Direct |
| 2017-02-14 | Common Stock | F | 776 | $129.60 | Disposed | 1012 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-14 | Restricted Stock Unit (granted 02/14/2014) | $0.0 | M | 1696 | Disposed | Common Stock (1696.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4023 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (8800.0) | 8800 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (13736.0) | 13736 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (13564.0) | 13564 | Direct |
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (6478.0) | 6478 | Direct |
| Restricted Stock Unit (granted 02/13/15) | $0.0 | Common Stock (1356.0) | 1356 | Direct | |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (2993.0) | 2993 | Direct | |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (18635.0) | 18635 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (1953.0) | Direct |
Footnotes
F1: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of February 14, 2017.
F2: Options vest in four (4) equal annual installments beginning one year from date of grant.
F3: Each restricted stock unit (RSU), 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 RSU vests 100% three years from the date of grant.
F5: The PRSU award became vested and payable on February 14, 2017.
F6: Each PRSU and PSU vests 100% three years from date of grant if performance goals are met.