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: Larsen Michael M (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Common Stock	M	8389	—	Acquired	33363	Direct
2020-02-14	Common Stock	F	2910	$183.84	Disposed	30453	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-14	Employee Stock Optioin	$187.86	A	42313	Acquired	2030-02-14	Common Stock (42313.0)	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 annual installments beginning one year from date of grant.