ILLINOIS TOOL WORKS INC — Director's Dealing 2017

Feb 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2017-02-10

Reporting Person: Finch Norman D. Jr. (Sr. VP, General Counsel & Secy)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-10	Employee Stock Option	$128.0	A	15374	Acquired	2027-02-10	Common Stock (15374.0)	Direct
2017-02-10	Performance Share Units granted 2/10/17	$0.0	A	1611	Acquired		Common Stock (1611.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$126.88	2027-02-01	Common Stock (28928.0)	28928	Direct
Restricted Stock Unit (granted 2/1/17)	$0.0		Common Stock (6108.0)	6108	Direct

Footnotes

F1: Options vest in four (4) equal installments beginning one year from date of grant.

F2: Each restricted stock unit (RSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.

F3: Each RSU vests 100% three years from the date of grant.

F4: Each PSU vests 100% three years from the date of grant if performance goals are met.