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: Hartnett John R. (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-10	Common Stock	M	19436	$98.26	Acquired	39485	Direct
2020-08-10	Common Stock	S	19336	$193.96	Disposed	20149	Direct
2020-08-10	Common Stock	S	100	$194.53	Disposed	20049	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-10	Employee Stock Option	$98.26	M	19436	Disposed	2026-02-13	Common Stock (19436.0)	Direct

Footnotes

F1: This transaction was executed at multiple prices ranging from $193.52 to $194.50. 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 vested in four (4) equal annual installments beginning one year from date of grant.