Filing Details

Accession Number:
0000049826-19-000049
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-02-21 17:07:26
Reporting Period:
2019-02-19
Accepted Time:
2019-02-21 17:07:26
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
1416777 Juan Valls 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 2019-02-19 52,265 $55.71 78,620 No 4 M Direct
Common Stock Disposition 2019-02-19 52,265 $142.41 26,355 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 2019-02-19 52,265 $0.00 52,265 $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 $91.88 2017-02-12 2026-02-12 16,650 16,650 Direct
Common Stock Employee Stock Option $98.26 2016-02-13 2025-02-13 17,816 17,816 Direct
Common Stock Employee Stock Option $63.25 2014-02-15 2023-02-15 40,692 40,692 Direct
Common Stock Employee Stock Option $78.59 2015-02-14 2024-02-14 24,202 24,202 Direct
Common Stock Employee Stock Option $128.00 2018-02-10 2027-02-10 18,635 18,635 Direct
Common Stock Employee Stock Option $163.36 2019-02-15 2028-02-15 13,693 13,693 Direct
Common Stock Employee Stock Option $144.21 2020-02-15 2029-02-15 15,279 15,279 Direct
Common Stock Performance Share Units (granted 2/10/17) $0.00 2,041 2,041 Direct
Common Stock Performance Share Units (granted 2/15/18) $0.00 1,647 1,647 Direct
Common Stock Performance Share Units (granted 2/15/19) $0.00 1,820 1,820 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-02-12 16,650 16,650 Direct
2025-02-13 17,816 17,816 Direct
2023-02-15 40,692 40,692 Direct
2024-02-14 24,202 24,202 Direct
2027-02-10 18,635 18,635 Direct
2028-02-15 13,693 13,693 Direct
2029-02-15 15,279 15,279 Direct
2,041 2,041 Direct
1,647 1,647 Direct
1,820 1,820 Direct
Footnotes
  1. This transaction was executed at multiple prices ranging from $142.20 to $142.91. 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 annual installments beginning one year from date of grant.
  3. 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.
  4. 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.
  5. Each PSU vests 100% three years from the date of grant if performance goals are met.