SEC Form 4 · accession 0000049826-16-000176
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Juan Valls
Officer — Executive Vice President
Period of report
Feb 12, 2016
Accepted (ET)
Feb 17, 2016 · 4:55 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 | 6,324 | $0.00 | A | 23,057 | D | |
| Common Stock | Feb 15, 2016 | F | 3,036 | $91.88 | D | 20,021 | D |
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,F4 | $0.00 | Feb 15, 2016 | M | 6,324 | D | — | — | Common Stock | 6,324 | 0 | D |
| Employee Stock OptionF2 | $91.88 | Feb 12, 2016 | A | 16,650 | A | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 16,650 | 16,650 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F1,F3 | $0.00 | Feb 12, 2016 | A | 3,627 | A | — | — | Common Stock | 3,627 | 3,627 | D |
| Employee Stock Option | $43.64 | holding | — | — | — | Feb 12, 2011 | Feb 12, 2020 | Common Stock | 16,403 | 16,403 | D |
| Employee Stock OptionF2 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 24,202 | 24,202 | D |
| Performance Restricted Stock Unit (granted 2/14/2014)F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,665 | 4,665 | D |
| Employee Stock Option | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 52,265 | 52,265 | D |
| Employee Stock OptionF2 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 17,816 | 17,816 | D |
| Employee Stock OptionF2 | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 40,692 | 40,692 | D |
| Employee Stock Option | $55.81 | holding | — | — | — | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 48,622 | 48,622 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 3,731 | 3,731 | D |
Explanation of responses
- F1Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- F2Options vest in four (4) equal annual installments beginning one year from date of grant.
- F3Each PRSU vests 100% three years from the date of grant if performance goals are met.
- F4The RSU award became vested and payable on February 15, 2016.