ILLINOIS TOOL WORKS INC — Director's Dealing 2020

Jan 9, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2020-01-01

Reporting Person: Szafranski Sharon (Executive Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1934	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit (granted 2/10/17)	$0.0		Common Stock (833.0)		Direct
Restricted Stock Unit (granted 2/15/18)	$0.0		Common Stock (768.0)		Direct
Employee Stock Option	$144.21	2029-02-15	Common Stock (3055.0)		Direct

Footnotes

F1: Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.

F2: RSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period; the RSUs shown include dividend equivalents accrued to date.

F3: Each RSU vests 100% three years from the date of grant.

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