ILLINOIS TOOL WORKS INC — Director's Dealing 2021

Feb 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2021-02-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-08	Common Stock	M	7232	$126.88	Acquired	17608	Direct
2021-02-08	Common Stock	S	7232	$203	Disposed	10376	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Employee Stock Option	$126.88	M	7232	Disposed	2027-02-01	Common Stock (7232.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	615	Indirect

Footnotes

F1: Includes 397 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.