SEC Form 4 · accession 0000049826-16-000205
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lei Zhang Schlitz
Officer — Executive Vice President
Period of report
May 10, 2016
Accepted (ET)
May 13, 2016 · 10:35 am 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 StockF1 | May 10, 2016 | S | 500 | $105.45 | D | 92 | D | |
| Common Stock | May 10, 2016 | M | 2,000 | $43.64 | A | 2,092 | D | |
| Common Stock | May 10, 2016 | S | 2,000 | $104.42 | D | 92 | D | |
| Common StockF2 | holding | — | — | — | 3,968 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option | $43.64 | May 10, 2016 | M | 2,000 | D | Feb 12, 2011 | Feb 12, 2020 | Common Stock | 2,000 | 0 | D |
| Employee Stock Option | $55.81 | holding | — | — | — | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 16,207 | 16,207 | D |
| Employee Stock OptionF3 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 8,800 | 8,800 | D |
| Employee Stock OptionF3 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 13,736 | 13,736 | D |
| Employee Stock OptionF3 | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 13,564 | 13,564 | D |
| Employee Stock OptionF3 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 6,478 | 6,478 | D |
| Employee Stock Option | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 17,422 | 17,422 | D |
| Restricted Stock Unit (granted 02/13/15)F4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,356 | 1,356 | D |
| Restricted Stock Unit (granted 02/14/2014)F4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,696 | 1,696 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F6,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,993 | 2,993 | D |
Explanation of responses
- F1This transaction was executed at multiple prices ranging from $105.453 to $105.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
- F2Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of May 10, 2016.
- F3Options vest in four (4) equal annual installments beginning one year from date of grant.
- F4Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.
- F5Each RSU vests 100% three years from the date of grant.
- F6Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- F7Each PRSU vests 100% three years from date of grant if performance goals are met.