SEC Form 4 · accession 0000049826-16-000166
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael M Larsen
Officer — SVP & CFO
Period of report
Feb 12, 2016
Accepted (ET)
Feb 17, 2016 · 4:52 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 14,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF2 | $91.88 | Feb 12, 2016 | A | 44,955 | A | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 44,955 | 44,955 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F3,F4 | $0.00 | Feb 12, 2016 | A | 9,795 | A | — | — | Common Stock | 9,795 | 9,795 | D |
| Employee Stock OptionF2 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 43,731 | 43,731 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 9,159 | 9,159 | D |
| Restricted Stock Unit (granted 9/16/2013)F5,F6 | $0.00 | holding | — | — | — | — | — | Common Stock | 13,316 | 13,316 | D |
| Employee Stock OptionF2 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 55,005 | 55,005 | D |
| Performance Restricted Stock Unit (granted 2/14/2014)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 10,603 | 10,603 | D |
| Employee Stock OptionF2 | $75.10 | holding | — | — | — | Sep 16, 2014 | Sep 16, 2023 | Common Stock | 69,930 | 69,930 | D |
Explanation of responses
- F1Held jointly with spouse.
- F2Options vest in four (4) equal annual installments beginning one year from date of grant.
- F3Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- F4Each PRSU vests 100% three years from the date of grant if performance goals are met.
- F5Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.
- F6Each RSU vests 100% three years from the date of grant.