Filing Details

Accession Number:
0001498509-16-000009
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-11-14 14:46:17
Reporting Period:
2016-11-10
Filing Date:
2016-11-14
Accepted Time:
2016-11-14 14:46:17
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
1498509 Sundaram Nagarajan Illinois Tool Works Inc
155 Harlem Avenue
Glenview IL 60026
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 2016-11-10 34,299 $55.71 54,516 No 4 M Direct
Common Stock Disposition 2016-11-10 6,247 $122.17 48,269 No 4 S Direct
Common Stock Disposition 2016-11-10 28,052 $122.73 20,217 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S 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 2016-11-10 34,299 $0.00 34,299 $55.71
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2013-02-10 2022-02-10 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 $55.81 2012-02-11 2021-02-11 9,114 9,114 Direct
Common Stock Employee Stock Option $98.26 2016-02-13 2025-02-13 21,056 21,056 Direct
Common Stock Employee Stock Option $78.59 2015-02-14 2024-02-14 27,502 27,502 Direct
Common Stock Employee Stock Option $63.25 2014-02-15 2023-02-15 37,301 37,301 Direct
Common Stock Employee Stock Option $91.88 2017-02-12 2026-02-12 22,893 22,893 Direct
Common Stock Performance Restricted Stock Unit (granted 2/12/2016) $0.00 4,988 4,988 Direct
Common Stock Performance Restricted Stock Unit (granted 2/13/15) $0.00 4,410 4,410 Direct
Common Stock Performance Restricted Stock Unit (granted 2/14/2014) $0.00 5,301 5,301 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2021-02-11 9,114 9,114 Direct
2025-02-13 21,056 21,056 Direct
2024-02-14 27,502 27,502 Direct
2023-02-15 37,301 37,301 Direct
2026-02-12 22,893 22,893 Direct
4,988 4,988 Direct
4,410 4,410 Direct
5,301 5,301 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $121.58 to $122.57. 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 transactions described in footnotes (1) and (2) of this Form 4 were effected.
  2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.58 to $122.91, inclusive.
  3. Options vest in four (4) equal annual installments beginning one year from date of grant.
  4. Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
  5. Each PRSU vests 100% three years from the date of grant if performance goals are met.