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ILLINOIS TOOL WORKS INC Director's Dealing 2019

Feb 20, 2019

29921_dirs_2019-02-20_d4040c58-1cee-4225-aedd-df8fdac7fc2f.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: 2019-02-15

Reporting Person: Lawler Mary Katherine (SVP & Chief HR Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2019-02-15 Common Stock M 4353 Acquired 9191 Direct
2019-02-15 Common Stock F 1301 $138.64 Disposed 7890 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2019-02-15 Performance Restricted Stock Unit (granted 2/12/2016) $0.0 M 4353 Disposed Common Stock (4353.0) Direct
2019-02-15 Employee Stock Option $144.21 A 19281 Acquired 2029-02-15 Common Stock (19281.0) Direct
2019-02-15 Performance Share Units (granted 2/15/19) $0.0 A 2296 Acquired Common Stock (2296.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 249 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option $98.26 2025-02-13 Common Stock (19436.0) 19436 Direct
Employee Stock Option $91.88 2026-02-12 Common Stock (19980.0) 19980 Direct
Employee Stock Option $128.0 2027-02-10 Common Stock (23294.0) 23294 Direct
Employee Stock Option $163.36 2028-02-15 Common Stock (17279.0) 17279 Direct
Performance Share Units (granted 2/10/17) $0.0 Common Stock (2552.0) 2552 Direct
Performance Share Units (granted 2/15/18) $0.0 Common Stock (2079.0) 2079 Direct

Footnotes

F1: Includes 175 shares acquired under a dividend reinvestment plan.

F2: Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of February 15, 2019.

F3: Options vest in four (4) equal annual installments beginning one year from date of grant.

F4: 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.

F5: The PRSU award became vested and payable on February 15, 2019.

F6: PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents accrued, if any, to date.

F7: Each PSU vests 100% three years from the date of grant if performance goals are met.