Filing Details

Accession Number:
0000049826-16-000279
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-11-23 12:05:49
Reporting Period:
2016-11-22
Filing Date:
2016-11-23
Accepted Time:
2016-11-23 12:05:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
49826 Illinois Tool Works Inc ITW General Industrial Machinery & Equipment (3560) 361258310
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1630650 R. Michael Zimmerman Illinois Tool Works Inc.
155 Harlem Avenue
Glenview IL 60025
Executive Vice President No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-11-22 9,238 $55.81 11,016 No 4 M Direct
Common Stock Disposition 2016-11-22 9,238 $123.63 1,778 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option Disposition 2016-11-22 9,238 $0.00 9,238 $55.81
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2012-02-11 2021-02-11 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option $78.59 2015-02-14 2024-02-14 6,600 6,600 Direct
Common Stock Employee Stock Option $55.71 2013-02-10 2022-02-10 10,017 10,017 Direct
Common Stock Employee Stock Option $63.25 2014-02-15 2023-02-14 9,325 9,325 Direct
Common Stock Employee Stock Option $98.26 2016-02-13 2025-02-13 13,362 13,362 Direct
Common Stock Performance Restricted Stock Unit (granted 2/13/15) $0.00 2,798 2,798 Direct
Common Stock Restricted Stock Unit (granted 02/14/2014) $0.00 1,272 1,272 Direct
Common Stock Employee Stock Option $91.88 2017-02-12 2026-02-12 15,817 15,817 Direct
Common Stock Performance Restricted Stock Unit (granted 2/12/2016) $0.00 3,446 3,446 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-02-14 6,600 6,600 Direct
2022-02-10 10,017 10,017 Direct
2023-02-14 9,325 9,325 Direct
2025-02-13 13,362 13,362 Direct
2,798 2,798 Direct
1,272 1,272 Direct
2026-02-12 15,817 15,817 Direct
3,446 3,446 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $123.62 to $123.64. 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.
  2. Options vest in four (4) equal installments beginning one year from date of grant.
  3. Each restricted stock unit (RSU) and performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
  4. Each PRSU vests 100% three years from the date of grant if performance goals are met.
  5. Each RSU vests 100% three years from the date of grant.