ILLINOIS TOOL WORKS INC — Director's Dealing 2020

Aug 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2020-08-03

Reporting Person: Lawler Mary Katherine (SVP & Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-03	Common Stock	M	19980	$91.88	Acquired	30897	Direct
2020-08-03	Common Stock	S	14356	$185.72	Disposed	16541	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-03	Employee Stock Option	$91.88	M	19980	Disposed	2026-02-12	Common Stock (19980.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	310	Indirect

Footnotes

F1: Includes 488 shares acquired under a dividend reinvestment plan.

F2: This transaction was executed at multiple prices ranging from $185.51 to $185.96. 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.

F3: 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 3, 2020.

F4: Options vested in four (4) equal annual installments beginning one year from date of grant.