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ILLINOIS TOOL WORKS INC — Director's Dealing 2019
Jul 29, 2019
29921_dirs_2019-07-29_3bd590ca-4e25-4965-b735-1c0fea7923b7.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: 2019-07-25
Reporting Person: Zimmerman Michael R. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-07-25 | Common Stock | M | 9325 | $63.25 | Acquired | 16315 | Direct |
| 2019-07-25 | Common Stock | S | 9325 | $160 | Disposed | 6990 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-07-25 | Employee Stock Option | $63.25 | M | 9325 | Disposed | 2023-02-14 | Common Stock (9325.0) | 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 | $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 |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (19567.0) | 19567 | Direct |
| Employee Stock Option | $163.36 | 2028-02-15 | Common Stock (13693.0) | 13693 | Direct |
| Employee Stock Option | $144.21 | 2029-02-15 | Common Stock (16006.0) | 16006 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (2172.0) | 2172 | Direct | |
| Performance Share Units (granted 2/15/18) | $0.0 | Common Stock (1670.0) | 1670 | Direct | |
| Performance Share Units (granted 2/15/19) | $0.0 | Common Stock (1932.0) | 1932 | Direct |
Footnotes
F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person and approved by the Issuer effective June 4, 2019.
F2: Options vest in four (4) equal annual installments beginning one year from date of grant.
F3: Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
F4: 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.
F5: Each PSU vests 100% three years from the date of grant if performance goals are met.