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ILLINOIS TOOL WORKS INC — Director's Dealing 2018
Feb 20, 2018
29921_dirs_2018-02-20_4fca21bd-3626-4750-b55b-677e5fb10486.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: 2018-02-15
Reporting Person: Zimmerman Michael R. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-15 | Common Stock | M | 2798 | — | Acquired | 5424 | Direct |
| 2018-02-15 | Common Stock | F | 843 | $163.36 | Disposed | 4581 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-15 | Performance Restricted Stock Unit (granted 2/13/15) | $0.0 | M | 2798 | Disposed | Common Stock (2798.0) | Direct | |
| 2018-02-15 | Employee Stock Option | $163.36 | A | 13693 | Acquired | 2028-02-15 | Common Stock (13693.0) | Direct |
| 2018-02-15 | Performance Share Units (granted 2/15/18) | $0.0 | A | 1606 | Acquired | Common Stock (1606.0) | 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 | $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 |
| 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 | |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (19567.0) | 19567 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (2050.0) | 2050 | Direct |
Footnotes
F1: Options vest in four (4) equal annual installments beginning one year from date of grant.
F2: 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.
F3: The PRSU award became vested and payable on February 15, 2018.
F4: Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.
F5: 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.