Filing Details
- Accession Number:
- 0001245027-13-000005
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-12-20 16:02:57
- Reporting Period:
- 2013-12-18
- Filing Date:
- 2013-12-20
- Accepted Time:
- 2013-12-20 16:02:57
- 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 |
|---|---|---|---|---|---|---|---|
| 1245027 | M Sharon Brady | Illinois Tool Works Inc. 3600 West Lake Avenue Glenview IL 60026 | Sr Vp Human Resources | 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 | 2013-12-18 | 40,000 | $48.51 | 44,781 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2013-12-18 | 40,000 | $81.02 | 4,781 | 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 | 2013-12-18 | 40,000 | $0.00 | 40,000 | $48.51 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 30,000 | 2009-02-08 | 2018-02-08 | 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 | $55.71 | 2013-02-10 | 2022-02-10 | 52,265 | 52,265 | Direct |
| Common Stock | Employee Stock Option | $55.81 | 2012-02-11 | 2021-02-11 | 48,622 | 48,622 | Direct |
| Common Stock | Employee Stock Option | $43.64 | 2011-02-12 | 2020-02-12 | 16,205 | 16,205 | Direct |
| Common Stock | Performance Restricted Stock Unit (granted 2/10/2012) | $0.00 | 6,462 | 6,462 | Direct | ||
| Common Stock | Employee Stock Option | $63.25 | 2014-02-15 | 2023-02-15 | 40,692 | 40,692 | Direct |
| Common Stock | Performance Restricted Stock Unit (granted 02/15/2013) | $0.00 | 6,324 | 6,324 | Direct | ||
| Common Stock | Performance Restricted Stock Unit (granted 2/11/2011) | $0.00 | 6,450 | 6,450 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2022-02-10 | 52,265 | 52,265 | Direct |
| 2021-02-11 | 48,622 | 48,622 | Direct |
| 2020-02-12 | 16,205 | 16,205 | Direct |
| 6,462 | 6,462 | Direct | |
| 2023-02-15 | 40,692 | 40,692 | Direct |
| 6,324 | 6,324 | Direct | |
| 6,450 | 6,450 | Direct |
Footnotes
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and approved by the issuer on October 25, 2013.
- This transaction was executed at multiple prices ranging from $81.00 to $81.12. 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 restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- Each PRSU vests 100% three years from the date of grant if performance goals are met.
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