SEC Form 4 · accession 0000049826-16-000174
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest Scott Santi
Officer — Chairman & CEO · Director
Period of report
Feb 12, 2016
Accepted (ET)
Feb 17, 2016 · 4:54 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 | Feb 15, 2016 | M | 35,573 | $0.00 | A | 90,563 | D | |
| Common Stock | Feb 15, 2016 | F | 14,662 | $91.88 | D | 75,901 | D | |
| Common StockF2 | holding | — | — | — | 3,573 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock Unit (granted 2/15/2013)F1,F5 | $0.00 | Feb 15, 2016 | M | 35,573 | D | — | — | Common Stock | 35,573 | 0 | D |
| Employee Stock OptionF4 | $91.88 | Feb 12, 2016 | A | 199,800 | A | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 199,800 | 199,800 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F1,F3 | $0.00 | Feb 12, 2016 | A | 32,651 | A | — | — | Common Stock | 32,651 | 32,651 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 29,004 | 29,004 | D |
| Employee Stock OptionF4 | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 305,188 | 305,188 | D |
| Employee Stock OptionF4 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 224,422 | 224,422 | D |
| Employee Stock Option | $55.81 | holding | — | — | — | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 101,297 | 101,297 | D |
| Employee Stock Option | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 108,885 | 108,885 | D |
| Performance Restricted Stock Unit (granted 2/14/2014)F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 32,446 | 32,446 | D |
| Employee Stock Option | $43.64 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2020 | Common Stock | 74,077 | 74,077 | D |
| Employee Stock OptionF4 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 184,645 | 184,645 | D |
Explanation of responses
- F1Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- F2Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan---Information reported as of February 15, 2016.
- F3Each PRSU vests 100% three years from the date of grant if performance goals are met.
- F4Options vest in four (4) equal annual installments beginning one year from date of grant.
- F5The PRSU award became vested and payable on February 15, 2016.