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Filing Details

Accession Number:: 0001731145-19-000004
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-04 16:56:29
Reporting Period:: 2019-10-31

Accepted Time:: 2019-11-04 16:56:29
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
1731145	Andrew Mines	155 Harlem Ave. Glenview IL 60025	Executive Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2019-10-31	1,115	$167.56	0	No	4	S	Direct
Common Stock	Acquisiton	2019-10-31	1,375	$78.59	1,375	No	4	M	Direct
Common Stock	Disposition	2019-10-31	1,375	$167.59	0	No	4	S	Direct
Common Stock	Acquisiton	2019-10-31	2,430	$98.26	2,430	No	4	M	Direct
Common Stock	Disposition	2019-10-31	2,430	$167.62	0	No	4	S	Direct
Common Stock	Acquisiton	2019-10-31	2,498	$91.88	2,498	No	4	M	Direct
Common Stock	Disposition	2019-10-31	2,498	$167.66	0	No	4	S	Direct
Common Stock	Acquisiton	2019-10-31	2,888	$128.00	2,888	No	4	M	Direct
Common Stock	Disposition	2019-10-31	2,888	$167.81	0	No	4	S	Direct
Common Stock	Acquisiton	2019-10-31	2,689	$163.36	2,689	No	4	M	Direct
Common Stock	Disposition	2019-10-31	2,689	$167.87	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
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	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option	Disposition	2019-10-31	2,430	$0.00	2,430	$98.26
Common Stock	Employee Stock Option	Disposition	2019-10-31	2,888	$0.00	2,888	$128.00
Common Stock	Employee Stock Option	Disposition	2019-10-31	1,375	$0.00	1,375	$78.59
Common Stock	Employee Stock Option	Disposition	2019-10-31	2,498	$0.00	2,498	$91.88
Common Stock	Employee Stock Option	Disposition	2019-10-31	2,689	$0.00	2,689	$163.36

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2016-02-13	2025-02-13	No	4	M	Direct
2,889	2018-02-10	2027-02-10	No	4	M	Direct
0	2015-02-14	2024-02-14	No	4	M	Direct
1,249	2017-02-12	2026-02-12	No	4	M	Direct
8,069	2019-02-15	2028-02-15	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option	$144.21	2020-02-15	2029-02-15	13,824	13,824	Direct
Common Stock	Performance Share Units (granted 2/10/17)	$0.00			632	632	Direct
Common Stock	Performance Share Units (granted 2/15/18)	$0.00			1,294	1,294	Direct
Common Stock	Performance Share Units (granted 2/15/19)	$0.00			1,646	1,646	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2029-02-15	13,824	13,824	Direct
	632	632	Direct
	1,294	1,294	Direct
	1,646	1,646	Direct

Footnotes

This transaction was executed at multiple prices ranging from $167.56 to $167.59. 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.
This transaction was executed at multiple prices ranging from $167.60 to $167.67. 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.
This transaction was executed at multiple prices ranging from $167.79 to $167.87. 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.
This transaction was executed at multiple prices ranging from $167.86 to $167.90. 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.
Options vest in four (4) equal annual installments beginning one year from date of grant.
Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
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.
Each PSU vests 100% three years from the date of grant if performance goals are met.