ILLINOIS TOOL WORKS INC — Director's Dealing 2020

Nov 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2020-11-02

Reporting Person: SANTI ERNEST SCOTT (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-02	Common Stock	M	152594	$63.25	Acquired	290373	Direct
2020-11-02	Common Stock	F	94203	$202.08	Disposed	196170	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-02	Employee Stock Option	$63.25	M	152594	Disposed	2023-02-15	Common Stock (152594.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3957	Indirect

Footnotes

F1: Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of November 2, 2020.

F2: Options vested in four (4) equal annual installments beginning one year from date of grant.