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ILLINOIS TOOL WORKS INC — Director's Dealing 2018
Dec 13, 2018
29921_dirs_2018-12-13_b13083d1-e7a2-4dbb-b136-8b83ca4acb87.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: 2018-12-11
Reporting Person: Larsen Michael M (SVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-12-11 | Common Stock | M | 17483 | $75.10 | Acquired | 36931 | Direct |
| 2018-12-11 | Common Stock | S | 17483 | $132.73 | Disposed | 19448 | Direct |
| 2018-12-11 | Common Stock | M | 41253 | $78.59 | Acquired | 60701 | Direct |
| 2018-12-11 | Common Stock | S | 41253 | $132.98 | Disposed | 19448 | Direct |
| 2018-12-12 | Common Stock | G | 1000 | — | Disposed | 18448 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-12-11 | Employee Stock Option | $78.59 | M | 41253 | Disposed | 2024-02-14 | Common Stock (41253.0) | Direct |
| 2018-12-11 | Employee Stock Option | $75.1 | M | 17483 | Disposed | 2023-09-16 | Common Stock (17483.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (43731.0) | 43731 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (44955.0) | 44955 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (9795.0) | 9795 | Direct | |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (51248.0) | 51248 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (5474.0) | 5474 | Direct | |
| Employee Stock Option | $163.36 | 2028-02-15 | Common Stock (37167.0) | 37167 | Direct |
| Performance Share Units (granted 2/15/18) | $0.0 | Common Stock (4361.0) | 4361 | Direct |
Footnotes
F1: Held jointly with spouse.
F2: This transaction was executed at multiple trades at prices ranging from $132.64 to $133.01. 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 shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F3: This transaction was executed at multiple trades at prices ranging from $132.97 to $133.00. 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 shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F4: Options vest in four (4) equal annual installments beginning one year from date of grant.
F5: 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.
F6: Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.
F7: PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents, if any, accrued to date.