SEC Form 4 · accession 0000049826-17-000081
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 27, 2017
Accepted (ET)
Mar 1, 2017 · 4:56 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 27, 2017 | M | 5,017 | $55.71 | A | 7,643 | D | |
| Common Stock | Feb 27, 2017 | S | 5,017 | $132.00 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option | $55.71 | Feb 27, 2017 | M | 5,017 | D | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 5,017 | 5,000 | D |
| Employee Stock OptionF2 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 6,600 | 6,600 | D |
| Employee Stock Option | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 14, 2023 | Common Stock | 9,325 | 9,325 | D |
| Employee Stock OptionF2 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 13,362 | 13,362 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,798 | 2,798 | D |
| Employee Stock OptionF2 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 15,817 | 15,817 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 3,446 | 3,446 | D |
| Employee Stock OptionF2 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 19,567 | 19,567 | D |
| Performance Share Units (granted 2/10/17)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,050 | 2,050 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and approved by the issuer effective November 29, 2016.
- F2Options vest in four (4) equal installments beginning one year from date of grant.
- F3Each performance restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
- F4Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.