SEC Form 4 · accession 0000049826-19-000035
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman D. Finch Jr.
Officer — Sr. VP, General Counsel & Secy
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 4:53 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 StockF1 | holding | — | — | — | 4,503 | D | ||
| Commom StockF2 | holding | — | — | — | 615 | 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 Share Units (granted 2/15/19)F4,F6,F7 | $0.00 | Feb 15, 2019 | A | 1,516 | A | — | — | Common Stock | 1,516 | 1,516 | D |
| Employee Stock OptionF3 | $144.21 | Feb 15, 2019 | A | 12,732 | A | Feb 15, 2020 | Feb 15, 2029 | Common Stock | 12,732 | 12,732 | D |
| Employee Stock OptionF3 | $126.88 | holding | — | — | — | Feb 1, 2018 | Feb 1, 2027 | Common Stock | 28,928 | 28,928 | D |
| Employee Stock OptionF3 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 15,374 | 15,374 | D |
| Employee Stock OptionF3 | $163.36 | holding | — | — | — | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 11,411 | 11,411 | D |
| Restricted Stock Unit (granted 2/1/17)F4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 6,108 | 6,108 | D |
| Performance Share Units granted 2/10/17F4,F6,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,684 | 1,684 | D |
| Performance Share Units (granted 2/15/18)F4,F6,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,373 | 1,373 | D |
Explanation of responses
- F1Includes 132 shares acquired under a dividend reinvestment plan.
- F2Shares of common stock held in spouse's IRA.
- F3Options vest in four (4) equal installments beginning one year from date of grant.
- F4Each restricted stock unit (RSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
- F5Each RSU vests 100% three years from the date of grant.
- 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.
- F7Each PSU vests 100% three years from the date of grant if performance goals are met.