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ILLINOIS TOOL WORKS INC — Director's Dealing 2019
Jun 11, 2019
29921_dirs_2019-06-11_21264fc8-3b3c-45dd-b609-64db33573238.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: 2019-06-07
Reporting Person: SCHEUNEMAN RANDALL J (VP & Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-06-07 | Common Stock | M | 14931 | — | Acquired | 21603 | Direct |
| 2019-06-07 | Common Stock | S | 14931 | $150.17 | Disposed | 6672 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-06-07 | Employee Stock Option | $55.81 | M | 14931 | Disposed | 2021-02-11 | Common Stock (14931.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $55.71 | 2022-02-10 | Common Stock (11977.0) | 11977 | Direct |
| Employee Stock Option | $91.88 | 2026-02-12 | Common Stock (5827.0) | 5827 | Direct |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (6820.0) | 6820 | Direct |
| Employee Stock Option | $63.25 | 2023-02-15 | Common Stock (9664.0) | 9664 | Direct |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (6802.0) | 6802 | Direct |
| Employee Stock Option | $163.36 | 2028-02-15 | Common Stock (4890.0) | 4890 | Direct |
| Employee Stock Option | $98.26 | 2025-02-13 | Common Stock (5425.0) | 5425 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (744.0) | 744 | Direct | |
| Performance Share Units (granted 2/15/18) | $0.0 | Common Stock (587.0) | 587 | Direct | |
| Employee Stock Option | $144.21 | 2029-02-15 | Common Stock (5820.0) | 5820 | Direct |
| Performance Share Units (granted 2/15/19) | $0.0 | Common Stock (693.0) | 693 | Direct |
Footnotes
F1: This transaction was executed at multiple prices ranging from $150.11 to $150.30. 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.
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.