SEC Form 4 · accession 0000049826-17-000079
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 14, 2017
Accepted (ET)
Feb 16, 2017 · 5:28 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 Stock | Feb 14, 2017 | M | 1,272 | $0.00 | A | 3,050 | D | |
| Common Stock | Feb 14, 2017 | F | 424 | $129.60 | D | 2,626 | 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 02/14/2014)F2,F4 | $0.00 | Feb 14, 2017 | M | 1,272 | D | — | — | Common Stock | 1,272 | 0 | D |
| Employee Stock OptionF1 | $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 Option | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 14, 2023 | Common Stock | 9,325 | 9,325 | D |
| Employee Stock OptionF1 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 13,362 | 13,362 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F2,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,798 | 2,798 | D |
| Employee Stock OptionF1 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 15,817 | 15,817 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F2,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 3,446 | 3,446 | D |
| Employee Stock OptionF1 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 19,567 | 19,567 | D |
| Performance Share Units (granted 2/10/17)F2,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,050 | 2,050 | D |
Explanation of responses
- F1Options vest in four (4) equal installments beginning one year from date of grant.
- F2Each restricted stock unit (RSU), performance restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
- F3Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.
- F4The RSU award became vested and payable on February 14, 2017.