Filing Details
- Accession Number:
- 0001498509-16-000009
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-11-14 14:46:17
- Reporting Period:
- 2016-11-10
- Filing Date:
- 2016-11-14
- Accepted Time:
- 2016-11-14 14:46:17
- 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 |
---|---|---|---|---|---|---|---|
1498509 | Sundaram Nagarajan | Illinois Tool Works Inc 155 Harlem Avenue Glenview IL 60026 | 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 | 2016-11-10 | 34,299 | $55.71 | 54,516 | No | 4 | M | Direct | |
Common Stock | Disposition | 2016-11-10 | 6,247 | $122.17 | 48,269 | No | 4 | S | Direct | |
Common Stock | Disposition | 2016-11-10 | 28,052 | $122.73 | 20,217 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | S | 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 | 2016-11-10 | 34,299 | $0.00 | 34,299 | $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 | $55.81 | 2012-02-11 | 2021-02-11 | 9,114 | 9,114 | Direct |
Common Stock | Employee Stock Option | $98.26 | 2016-02-13 | 2025-02-13 | 21,056 | 21,056 | Direct |
Common Stock | Employee Stock Option | $78.59 | 2015-02-14 | 2024-02-14 | 27,502 | 27,502 | Direct |
Common Stock | Employee Stock Option | $63.25 | 2014-02-15 | 2023-02-15 | 37,301 | 37,301 | Direct |
Common Stock | Employee Stock Option | $91.88 | 2017-02-12 | 2026-02-12 | 22,893 | 22,893 | Direct |
Common Stock | Performance Restricted Stock Unit (granted 2/12/2016) | $0.00 | 4,988 | 4,988 | Direct | ||
Common Stock | Performance Restricted Stock Unit (granted 2/13/15) | $0.00 | 4,410 | 4,410 | Direct | ||
Common Stock | Performance Restricted Stock Unit (granted 2/14/2014) | $0.00 | 5,301 | 5,301 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2021-02-11 | 9,114 | 9,114 | Direct |
2025-02-13 | 21,056 | 21,056 | Direct |
2024-02-14 | 27,502 | 27,502 | Direct |
2023-02-15 | 37,301 | 37,301 | Direct |
2026-02-12 | 22,893 | 22,893 | Direct |
4,988 | 4,988 | Direct | |
4,410 | 4,410 | Direct | |
5,301 | 5,301 | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $121.58 to $122.57. 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 transactions described in footnotes (1) and (2) of this Form 4 were effected.
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.58 to $122.91, inclusive.
- 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.