SEC Form 4 · accession 0000049826-18-000044
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Juan Valls
Officer — Executive Vice President
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:44 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 | 3,731 | $0.00 | A | 26,210 | D | |
| Common Stock | Feb 15, 2018 | F | 1,780 | $163.36 | D | 24,430 | D |
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)F2,F4 | $0.00 | Feb 15, 2018 | M | 3,731 | D | — | — | Common Stock | 3,731 | 0 | D |
| Performance Share Units (granted 2/15/18)F2,F5,F3 | $0.00 | Feb 15, 2018 | A | 1,606 | A | — | — | Common Stock | 1,606 | 1,606 | D |
| Employee Stock OptionF1 | $163.36 | Feb 15, 2018 | A | 13,693 | A | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 13,693 | 13,693 | D |
| Employee Stock OptionF1 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 16,650 | 16,650 | D |
| Employee Stock Option | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 52,265 | 52,265 | D |
| Employee Stock OptionF1 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 17,816 | 17,816 | D |
| Employee Stock Option | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 40,692 | 40,692 | D |
| Employee Stock Option | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 24,202 | 24,202 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F2,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 3,627 | 3,627 | D |
| Employee Stock OptionF1 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 18,635 | 18,635 | D |
| Performance Share Units (granted 2/10/17)F2,F5,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,990 | 1,990 | D |
Explanation of responses
- F1Options vest in four (4) equal annual installments beginning one year from date of grant.
- F2Each 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 PRSU award became vested and payable on February 15, 2018.
- F5PSUs 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.