Filing Details
- Accession Number:
- 0001307581-19-000004
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-10-30 16:55:51
- Reporting Period:
- 2019-10-28
- Accepted Time:
- 2019-10-30 16:55:51
- 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 |
|---|---|---|---|---|---|---|---|
| 1307581 | Scott Ernest Santi | Illinois Tool Works Inc. 155 Harlem Avenue Glenview IL 60025 | Chairman & Ceo | Yes | 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 | 2019-10-28 | 33,887 | $63.25 | 150,922 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-10-28 | 33,887 | $167.37 | 117,035 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-10-28 | 69,223 | $63.25 | 186,258 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-10-28 | 69,223 | $168.82 | 117,035 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-10-28 | 29,548 | $63.25 | 146,583 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-10-28 | 29,548 | $169.95 | 117,035 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-10-28 | 10,442 | $63.25 | 127,477 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-10-28 | 10,442 | $170.73 | 117,035 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-10-28 | 6,900 | $63.25 | 123,935 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-10-28 | 6,900 | $171.53 | 117,035 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-10-28 | 2,594 | $63.25 | 119,629 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-10-28 | 2,594 | $173.75 | 117,035 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | |
| 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 | 2019-10-28 | 152,594 | $0.00 | 152,594 | $63.25 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 152,594 | 2014-02-15 | 2023-02-15 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 3,864 | Indirect | See Footnote |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option | $128.00 | 2018-02-10 | 2027-02-10 | 195,676 | 195,676 | Direct |
| Common Stock | Employee Stock Option | $98.26 | 2016-02-13 | 2025-02-13 | 184,645 | 184,645 | Direct |
| Common Stock | Employee Stock Option | $78.59 | 2015-02-14 | 2024-02-14 | 224,422 | 224,422 | Direct |
| Common Stock | Employee Stock Option | $91.88 | 2017-02-12 | 2026-02-12 | 199,800 | 199,800 | Direct |
| Common Stock | Employee Stock Option | $163.36 | 2019-02-15 | 2028-02-15 | 143,453 | 143,453 | Direct |
| Common Stock | Employee Stock Option | $144.21 | 2020-02-15 | 2029-02-15 | 167,345 | 167,345 | Direct |
| Common Stock | Performance Share Units (granted 2/10/17) | $0.00 | 21,884 | 21,884 | Direct | ||
| Common Stock | Performance Share Units (granted 2/15/18) | $0.00 | 17,623 | 17,623 | Direct | ||
| Common Stock | Performance Share Units (granted 2/15/19) | $0.00 | 20,351 | 20,351 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2027-02-10 | 195,676 | 195,676 | Direct |
| 2025-02-13 | 184,645 | 184,645 | Direct |
| 2024-02-14 | 224,422 | 224,422 | Direct |
| 2026-02-12 | 199,800 | 199,800 | Direct |
| 2028-02-15 | 143,453 | 143,453 | Direct |
| 2029-02-15 | 167,345 | 167,345 | Direct |
| 21,884 | 21,884 | Direct | |
| 17,623 | 17,623 | Direct | |
| 20,351 | 20,351 | Direct |
Footnotes
- This transaction was executed at multiple prices ranging from $167.38 to $168.37. 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 $168.39 to $169.30. 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 $169.30 to $170.30. 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 $170.30 to $171.13. 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 $171.39 to $171.74. 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.
- Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan---Information reported as of October 28, 2019.
- 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.
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