SEC Form 4 · accession 0000049826-16-000177
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R. Zimmerman
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 | 1,449 | $0.00 | A | 2,266 | D | |
| Common Stock | Feb 15, 2016 | F | 488 | $91.88 | D | 1,778 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (granted 2/15/2013)F1,F2 | $0.00 | Feb 15, 2016 | M | 1,449 | D | — | — | Common Stock | 1,449 | 0 | D |
| Employee Stock OptionF3 | $91.88 | Feb 12, 2016 | A | 15,817 | A | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 15,817 | 15,817 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F1,F4 | $0.00 | Feb 12, 2016 | A | 3,446 | A | — | — | Common Stock | 3,446 | 3,446 | D |
| Employee Stock OptionF3 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 6,600 | 6,600 | D |
| Employee Stock Option | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 10,017 | 10,017 | D |
| Employee Stock OptionF3 | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 14, 2023 | Common Stock | 9,325 | 9,325 | D |
| Employee Stock Option | $55.81 | holding | — | — | — | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 9,238 | 9,238 | D |
| Employee Stock OptionF3 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 13,362 | 13,362 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F1,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,798 | 2,798 | D |
| Restricted Stock Unit (granted 02/14/2014)F1,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,272 | 1,272 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) and performance restricted stock unit (PRSU)represents a contingent right to receive one share of the Company's common stock.
- F2The RSU award became vested and payable on February 15, 2016.
- F3Options vest in four (4) equal installments beginning one year from date of grant.
- F4Each PRSU vests 100% three years from the date of grant if performance goals are met.
- F5Each RSU vests 100% three years from the date of grant.