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ILLINOIS TOOL WORKS INC — Director's Dealing 2019
Feb 7, 2019
29921_dirs_2019-02-07_5c09abad-2588-4c44-a9db-32717ba9a247.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: 2019-02-05
Reporting Person: Hartnett John R. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-02-05 | Common Stock | M | 14500 | $63.25 | Acquired | 29448 | Direct |
| 2019-02-05 | Common Stock | S | 14500 | $137 | Disposed | 14948 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-02-05 | Employee Stock Option | $63.25 | M | 14500 | Disposed | 2023-02-15 | Common Stock (14500.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $78.59 | 2024-02-14 | Common Stock (24202.0) | 24202 | Direct |
| 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 (16953.0) | 16953 | Direct |
| Performance Restricted Stock Unit (granted 2/12/2016) | $0.0 | Common Stock (4353.0) | 4353 | 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 (2040.0) | 2040 | Direct |
Footnotes
F1: This transaction was executed at multiple prices ranging from $136.88 to $137.20. 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 restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
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.