Filing Details

Accession Number:
0001307581-18-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-12-14 17:27:04
Reporting Period:
2018-12-12
Accepted Time:
2018-12-14 17:27:04
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
1307581 Scott Ernest Santi Illinois Tool Works Inc.
155 Harlem Avenue
Glenview IL 60025
Chairman & Ceo Yes 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 2018-12-12 45,128 $55.71 149,777 No 4 M Direct
Common Stock Disposition 2018-12-12 45,128 $132.54 104,649 No 4 S Direct
Common Stock Acquisiton 2018-12-12 48,557 $55.71 153,206 No 4 M Direct
Common Stock Disposition 2018-12-12 48,557 $133.43 104,649 No 4 S Direct
Common Stock Acquisiton 2018-12-12 15,200 $55.71 119,849 No 4 M Direct
Common Stock Disposition 2018-12-12 15,200 $134.37 104,649 No 4 S Direct
Common Stock Disposition 2018-12-12 3,500 $0.00 101,149 No 4 G 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
No 4 M Direct
No 4 S Direct
No 4 G Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option Disposition 2018-12-12 108,885 $0.00 108,885 $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 Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 3,771 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 $128.00 2018-02-10 2027-02-10 195,676 195,676 Direct
Common Stock Employee Stock Option $98.26 2016-02-13 2025-02-13 184,645 184,645 Direct
Common Stock Employee Stock Option $78.59 2015-02-14 2024-02-14 224,422 224,422 Direct
Common Stock Employee Stock Option $63.25 2014-02-15 2023-02-15 305,188 305,188 Direct
Common Stock Employee Stock Option $91.88 2017-02-12 2026-02-12 199,800 199,800 Direct
Common Stock Employee Stock Option $163.36 2019-02-15 2028-02-15 143,453 143,453 Direct
Common Stock Performance Restricted Stock Unit (granted 2/12/2016) $0.00 32,651 32,651 Direct
Common Stock Performance Share Units (granted 2/10/17) $0.00 20,805 20,805 Direct
Common Stock Performance Share Units (granted 2/15/18) $0.00 16,833 16,833 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2027-02-10 195,676 195,676 Direct
2025-02-13 184,645 184,645 Direct
2024-02-14 224,422 224,422 Direct
2023-02-15 305,188 305,188 Direct
2026-02-12 199,800 199,800 Direct
2028-02-15 143,453 143,453 Direct
32,651 32,651 Direct
20,805 20,805 Direct
16,833 16,833 Direct
Footnotes
  1. This transaction was executed at multiple trades at prices ranging from $132.11 to $133.10. 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 at multiple trades at prices ranging from $133.11 to $133.90. 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. This transaction was executed at multiple trades at prices ranging from $134.22 to $134.38. 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.
  4. Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan---Information reported as of December 12, 2018.
  5. Options vest in four (4) equal annual installments beginning one year from date of grant.
  6. 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.
  7. Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.
  8. PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents, if any, accrued to date.