ILLINOIS TOOL WORKS INC — Director's Dealing 2017

Feb 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2017-02-01

Reporting Person: Finch Norman D. Jr. (General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-01	Employee Stock Option	$126.88	A	28928	Acquired	2027-02-01	Common Stock (28928.0)	Direct
2017-02-01	Restricted Stock Unit (granted 2/1/17)	$0.0	A	6108	Acquired		Common Stock (6108.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct

Footnotes

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

F2: Each restricted stock unit (RSU) 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.