Filing Details

Accession Number:
0000049826-16-000235
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-07-22 17:55:30
Reporting Period:
2016-07-21
Filing Date:
2016-07-22
Accepted Time:
2016-07-22 17:55:30
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
1503349 M Michael Larsen Illinois Tool Works Inc.
155 Harlem Avenue
Glenview IL 60025
Svp & Cfo 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 Disposition 2016-07-21 14,000 $113.99 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option $98.26 2016-02-13 2025-02-13 43,731 43,731 Direct
Common Stock Employee Stock Option $91.88 2017-02-12 2026-02-12 44,955 44,955 Direct
Common Stock Employee Stock Option $78.59 2015-02-14 2024-02-14 55,005 55,005 Direct
Common Stock Employee Stock Option $75.10 2014-09-16 2023-09-16 69,930 69,930 Direct
Common Stock Performance Restricted Stock Unit (granted 2/12/2016) $0.00 9,795 9,795 Direct
Common Stock Performance Restricted Stock Unit (granted 2/13/15) $0.00 9,159 9,159 Direct
Common Stock Performance Restricted Stock Unit (granted 2/14/2014) $0.00 10,603 10,603 Direct
Common Stock Restricted Stock Unit (granted 9/16/2013) $0.00 13,316 13,316 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2025-02-13 43,731 43,731 Direct
2026-02-12 44,955 44,955 Direct
2024-02-14 55,005 55,005 Direct
2023-09-16 69,930 69,930 Direct
9,795 9,795 Direct
9,159 9,159 Direct
10,603 10,603 Direct
13,316 13,316 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $113.90 to $114.11. 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. Held jointly with spouse.
  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.
  6. Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.
  7. Each RSU vests 100% three years from the date of grant.