ILLINOIS TOOL WORKS INC — Director's Dealing 2020

Aug 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2020-08-10

Reporting Person: O'HERLIHY CHRISTOPHER A (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-10	Common Stock	M	29702	$78.59	Acquired	63300	Direct
2020-08-10	Common Stock	S	29702	$194.58	Disposed	33598	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-10	Employee Stock Option	$78.59	M	29702	Disposed	2024-02-14	Common Stock (29702.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1737	Indirect

Footnotes

F1: This transaction was executed at multiple prices ranging from $194.50 to $194.97. 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: Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan. Information reported as of August 10, 2020.

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