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: Zimmerman Michael R. (Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-10	Employee Stock Option	$128.0	A	19567	Acquired	2027-02-10	Common Stock (19567.0)	Direct
2017-02-10	Performance Share Units (granted 2/10/17)	$0.0	A	2050	Acquired		Common Stock (2050.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1778	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$78.59	2024-02-14	Common Stock (6600.0)	6600	Direct
Employee Stock Option	$55.71	2022-02-10	Common Stock (10017.0)	10017	Direct
Employee Stock Option	$63.25	2023-02-14	Common Stock (9325.0)	9325	Direct
Employee Stock Option	$98.26	2025-02-13	Common Stock (13362.0)	13362	Direct
Performance Restricted Stock Unit (granted 2/13/15)	$0.0		Common Stock (2798.0)	2798	Direct
Restricted Stock Unit (granted 02/14/2014)	$0.0		Common Stock (1272.0)	1272	Direct
Employee Stock Option	$91.88	2026-02-12	Common Stock (15817.0)	15817	Direct
Performance Restricted Stock Unit (granted 2/12/2016)	$0.0		Common Stock (3446.0)	3446	Direct

Footnotes

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

F2: 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.

F3: Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.

F4: Each RSU vests 100% three years from the date of grant.