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ILLINOIS TOOL WORKS INC — Director's Dealing 2023
Feb 7, 2023
29921_dirs_2023-02-07_2ab92366-730b-482e-94ed-fc4144743ec3.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: 2023-02-03
Reporting Person: SANTI ERNEST SCOTT (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-03 | Common Stock | M | 35856 | $98.26 | Acquired | 249394 | Direct |
| 2023-02-03 | Common Stock | M | 199800 | $91.88 | Acquired | 449194 | Direct |
| 2023-02-03 | Common Stock | S | 119168 | $245.49 | Disposed | 330026 | Direct |
| 2023-02-03 | Common Stock | S | 72220 | $246.40 | Disposed | 257806 | Direct |
| 2023-02-03 | Common Stock | S | 18390 | $247.71 | Disposed | 239416 | Direct |
| 2023-02-03 | Common Stock | S | 17131 | $248.41 | Disposed | 222285 | Direct |
| 2023-02-03 | Common Stock | S | 8747 | $249.20 | Disposed | 213538 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-03 | Employee Stock Option | $98.26 | M | 35856 | Disposed | 2025-02-13 | Common Stock (35856.0) | Direct |
| 2023-02-03 | Employee Stock Option | $91.88 | M | 199800 | Disposed | 2026-02-12 | Common Stock (199800.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4518 | Indirect |
Footnotes
F1: This transaction was executed at multiple prices ranging from $245.00 to $245.99. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F2: This transaction was executed in multiple trades at prices ranging from $246.00 to $246.99. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F3: This transaction was executed in multiple trades at prices ranging from $247.00 to $248.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F4: This transaction was executed at multiple prices ranging from $248.00 to $248.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F5: This transaction was executed at multiple prices ranging from $249.01 to $249.48. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F6: Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of February 3, 2023.
F7: Options vested in four (4) equal annual installments beginning one year from date of grant.