SEC Form 4 · accession 0000049826-18-000038
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary Katherine Lawler
Officer — SVP & Chief HR Officer
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:41 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 15, 2018 | M | 4,070 | $0.00 | A | 5,932 | D | |
| Common StockF1 | Feb 15, 2018 | F | 1,214 | $163.36 | D | 4,718 | D | |
| Common StockF2 | holding | — | — | — | 216 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock Unit (granted 2/13/15)F4,F5 | $0.00 | Feb 15, 2018 | M | 4,070 | D | — | — | Common Stock | 4,070 | 0 | D |
| Performance Share Units (granted 2/15/18)F4,F7,F6 | $0.00 | Feb 15, 2018 | A | 2,027 | A | — | — | Common Stock | 2,027 | 2,027 | D |
| Employee Stock OptionF3 | $163.36 | Feb 15, 2018 | A | 17,279 | A | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 17,279 | 17,279 | D |
| Employee Stock OptionF3 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 19,436 | 19,436 | D |
| Employee Stock OptionF3 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 19,980 | 19,980 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F4,F6 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,353 | 4,353 | D |
| Employee Stock OptionF3 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 23,294 | 23,294 | D |
| Performance Share Units (granted 2/10/17)F4,F7,F6 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,489 | 2,489 | D |
Explanation of responses
- F1Includes 54 shares acquired under a dividend reinvestment plan.
- F2Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of February 15, 2018.
- F3Options vest in four (4) equal annual installments beginning one year from date of grant.
- F4Each performance restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
- F5The PRSU award became vested and payable on February 15, 2018.
- F6Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.
- F7PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents accrued, if any, to date.