SEC Form 4 · accession 0000049826-18-000042
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest Scott Santi
Officer — Chairman & CEO · Director
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:43 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 | 29,004 | $0.00 | A | 116,569 | D | |
| Common Stock | Feb 15, 2018 | F | 11,920 | $163.36 | D | 104,649 | D | |
| Common StockF1 | holding | — | — | — | 3,696 | 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)F3,F5 | $0.00 | Feb 15, 2018 | M | 29,004 | D | — | — | Common Stock | 29,004 | 0 | D |
| Employee Stock OptionF2 | $163.36 | Feb 15, 2018 | A | 143,453 | A | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 143,453 | 143,453 | D |
| Performance Share Units (granted 2/15/18)F3,F6,F4 | $0.00 | Feb 15, 2018 | A | 16,833 | A | — | — | Common Stock | 16,833 | 16,833 | D |
| Employee Stock OptionF2 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 195,676 | 195,676 | D |
| Employee Stock OptionF2 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 184,645 | 184,645 | D |
| Employee Stock Option | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 224,422 | 224,422 | D |
| Employee Stock Option | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 305,188 | 305,188 | D |
| Employee Stock OptionF2 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 199,800 | 199,800 | D |
| Employee Stock Option | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 108,885 | 108,885 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 32,651 | 32,651 | D |
| Performance Share Units (granted 2/10/17)F3,F6,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 20,805 | 20,805 | D |
Explanation of responses
- F1Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan---Information reported as of February 15, 2018.
- F2Options vest in four (4) equal annual 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.
- F5The PRSU award became vested and payable on February 15, 2018.
- F6PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents, if any, accrued to date.