Filing Details

Accession Number:
0000049826-17-000044
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-14 18:01:18
Reporting Period:
2017-02-10
Filing Date:
2017-02-14
Accepted Time:
2017-02-14 18:01:18
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
1652579 Zhang Lei Schlitz 155 Harlem Ave.
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 2017-02-13 16,207 $55.81 16,299 No 4 M Direct
Common Stock Disposition 2017-02-13 16,207 $129.43 92 No 4 S Direct
Common Stock Acquisiton 2017-02-13 17,422 $55.71 17,514 No 4 M Direct
Common Stock Disposition 2017-02-13 17,422 $129.55 92 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
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 2017-02-13 16,207 $0.00 16,207 $55.81
Common Stock Employee Stock Option Disposition 2017-02-13 17,422 $0.00 17,422 $55.71
Common Stock Employee Stock Option Acquisiton 2017-02-10 18,635 $0.00 18,635 $128.00
Common Stock Performance Share Units (granted 2/10/17) Acquisiton 2017-02-10 1,953 $0.00 1,953 $0.00
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
0 2013-02-10 2022-02-10 No 4 M Direct
18,635 2018-02-10 2027-02-10 No 4 A Direct
0 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 4,024 Indirect SEE FOOTNOTE
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 8,800 8,800 Direct
Common Stock Employee Stock Option $91.88 2017-02-12 2026-02-12 13,736 13,736 Direct
Common Stock Employee Stock Option $63.25 2014-02-15 2023-02-15 13,564 13,564 Direct
Common Stock Employee Stock Option $98.26 2016-02-13 2025-02-13 6,478 6,478 Direct
Common Stock Restricted Stock Unit (granted 02/13/15) $0.00 1,356 1,356 Direct
Common Stock Restricted Stock Unit (granted 02/14/2014) $0.00 1,696 1,696 Direct
Common Stock Performance Restricted Stock Unit (granted 2/12/2016) $0.00 2,993 2,993 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-02-14 8,800 8,800 Direct
2026-02-12 13,736 13,736 Direct
2023-02-15 13,564 13,564 Direct
2025-02-13 6,478 6,478 Direct
1,356 1,356 Direct
1,696 1,696 Direct
2,993 2,993 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $129.32 to $129.51. 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. This transaction was executed in multiple trades at prices ranging from $129.31 to $129.59. 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.
  3. Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of February 10, 2017.
  4. Options vest in four (4) equal annual installments beginning one year from date of grant.
  5. Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.
  6. Each RSU vests 100% three years from the date of grant.
  7. Each performance restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
  8. Each PRSU and PSU vests 100% three years from date of grant if performance goals are met.