SEC Form 4 · accession 0000049826-16-000196
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert S Morrison
Director
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 5:24 pm EDT
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 StockF2 | May 6, 2016 | A | 1,726 | $104.19 | A | 97,650 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 2,650 | 2,650 | 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 and annual stock grant.
- F2Includes 39,377 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 6, 2016.
- F3Represents units of phantom stock under the Phantom Stock Plan for non-employee directors as of May 6, 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.