ILLINOIS TOOL WORKS INC — Director's Dealing 2020

Feb 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2020-02-14

Reporting Person: Zimmerman Michael R. (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Common Stock	M	3202	—	Acquired	10192	Direct
2020-02-14	Common Stock	F	960	$183.84	Disposed	9232	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-14	Employee Stock Option	$187.86	A	16925	Acquired	2030-02-14	Common Stock (16925.0)	Direct

Footnotes

F1: Represents shares of common stock of ITW issued upon vesting of Performance Share Units ("PSUs") granted on 2/10/17, determined after application of the performance factor achievement levels as set forth in the PSU and includes additional shares accrued as dividend equivalents.

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