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ILLINOIS TOOL WORKS INC Director's Dealing 2021

May 11, 2021

29921_dirs_2021-05-11_411415de-8b9a-4c60-9140-3dde23ae45ad.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2021-05-07

Reporting Person: CROWN SUSAN (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-05-07 Common Stock A 713 $238.28 Acquired 52899.14 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 4000 Indirect
Common Stock 4000 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phantom Stock Units $ Common Stock (6478.73) 6478.73 Direct

Footnotes

F1: Includes 15,272.14 shares of deferred stock under the ITW Director's Deferred Fee Plan as of May 7, 2021.

F2: Owned by trusts of which Reporting Person's children are beneficiaries.

F3: Owned by Reporting Person's spouse.

F4: Represents units of phantom stock held by the Reporting Person as of May 7, 2021 under the Phantom Stock Plan for non-officer directors. Each unit is equal in value to one share of common stock. The units are nontransferrable and have no voting rights. Additional units are credited in amounts equivalent in cash dividends paid on the common stock reported as of May 7, 2021.