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ILLINOIS TOOL WORKS INC — Director's Dealing 2019
Feb 20, 2019
29921_dirs_2019-02-20_41a257ed-06bc-4d23-ab78-89d78192cef3.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: Larsen Michael M (SVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-15 | Common Stock | M | 9795 | — | Acquired | 28243 | Direct |
| 2019-02-15 | Common Stock | F | 3269 | $138.64 | Disposed | 24974 | 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 | 9795 | Disposed | Common Stock (9795.0) | Direct | |
| 2019-02-15 | Employee Stock Option | $144.21 | A | 41472 | Acquired | 2029-02-15 | Common Stock (41472.0) | Direct |
| 2019-02-15 | Performance Share Units (granted 2/15/19) | $0.0 | A | 4940 | Acquired | Common Stock (4940.0) | 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 |
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (13752.0) | 13752 | Direct |
| Performance Share Units (granted 2/10/17) | $0.0 | Common Stock (5615.0) | 5615 | Direct | |
| Performance Share Units (granted 2/15/18) | $0.0 | Common Stock (4472.0) | 4472 | Direct | |
| Employee Stock Option | $128.0 | 2027-02-10 | Common Stock (51248.0) | 51248 | Direct |
| Employee Stock Option | $163.36 | 2028-02-15 | Common Stock (37167.0) | 37167 | Direct |
Footnotes
F1: Held jointly with spouse.
F2: Options vest in four (4) equal annual installments beginning one year from date of grant.
F3: 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.
F4: The PRSU award became vested and payable on February 15, 2019.
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.
F6: Each PSU vests 100% three years from the date of grant if performance goals are met.