ILLINOIS TOOL WORKS INC - Director's Dealing 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2021-05-03

Reporting Person: Finch Norman D. Jr. (Sr. VP, General Counsel & Secy)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-03	Common Stock	M	3844	$128	Acquired	15160	Direct
2021-05-03	Common Stock	S	3844	$232	Disposed	11316	Direct
2021-05-03	Common Stock	M	8558	$163.36	Acquired	19874	Direct
2021-05-03	Common Stock	S	8558	$232	Disposed	11316	Direct
2021-05-03	Common Stock	M	6366	$144.21	Acquired	17682	Direct
2021-05-03	Common Stock	S	6366	$232	Disposed	11316	Direct
2021-05-03	Common Stock	M	3085	$187.86	Acquired	14401	Direct
2021-05-03	Common Stock	S	3085	$232	Disposed	11316	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-03	Employee Stock Option	$128.0	M	3844	Disposed	2027-02-10	Common Stock (3844.0)	Direct
2021-05-03	Employee Stock Option	$163.36	M	8558	Disposed	2028-02-15	Common Stock (8558.0)	Direct
2021-05-03	Employee Stock Option	$144.21	M	6366	Disposed	2029-02-15	Common Stock (6366.0)	Direct
2021-05-03	Employee Stock Option	$187.86	M	3085	Disposed	2030-02-14	Common Stock (3085.0)	Direct

Security	Shares	Ownership
Common Stock	615	Indirect

F1: Includes 388 shares acquired under a dividend reinvestment plan.

F2: Shares of common stock held in spouse's IRA.

F3: Options vested in four (4) equal annual installments beginning one year from date of grant.

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