SEC Form 4 · accession 0000049826-16-000146
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Byron Smith Jr.
Director
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 6:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000049826
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Commom Stock | Feb 5, 2016 | A | 128 | $90.41 | A | 13,296 | D | |
| Common StockF2 | holding | — | — | — | 6,404,842 | I | Trusts | |
| Common StockF3 | holding | — | — | — | 15,517 | I | Trusts | |
| Common StockF4 | holding | — | — | — | 102,901 | D | ||
| Common StockF5 | holding | — | — | — | 2,422,502 | I | By partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF6 | — | holding | — | — | — | — | — | Common Stock | 1,165 | 1,165 | D |
Explanation of responses
- F1Represents shares of common stock acquired pursuant to the Illinois Tool Works Inc. 2015 Long-Term Incentive Plan representing quarterly director fees.
- F2Shares held in various trusts of which reporting person has a partial direct beneficial interest.
- F3Shares held in various trusts of which the reporting person has a pecuniary interest and is a co-trustee with his spouse.
- F4Shares owned directly by reporting person with his spouse.
- F5Shares are held by 2009 Smith Family LP of which the reporting person has a partial direct beneficial interest.
- F6Represents units of phantom stock under the Phantom Stock Plan for non-employee directors as of February 5, 2016. Each unit is equal in value to one share of common stock. The units are not transferable and have no voting rights. Additional units are credited in amounts equivalent to cash dividends paid on the common stock.