SEC Form 4 · accession 0001380374-16-000021
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Parry
Officer — Vice Chairman
Period of report
Feb 3, 2016
Accepted (ET)
Feb 5, 2016 · 12:32 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 3, 2016 | M | 70,000 | $48.51 | A | 70,044 | D | |
| Common StockF1 | Feb 3, 2016 | S | 70,000 | $89.30 | D | 44 | D | |
| Common StockF2 | holding | — | — | — | 1,182 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option | $48.51 | Feb 3, 2016 | M | 70,000 | D | Feb 8, 2009 | Feb 8, 2018 | Common Stock | 70,000 | 0 | D |
| Employee Stock OptionF3 | $55.81 | holding | — | — | — | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 81,037 | 81,037 | D |
| Employee Stock Option | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 48,590 | 48,590 | D |
| Employee Stock Option | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 66,006 | 66,006 | D |
| Employee Stock OptionF3 | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 108,885 | 108,885 | D |
| Employee Stock OptionF3 | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 101,729 | 101,729 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 10,177 | 10,177 | D |
| Performance Restricted Stock Unit (granted 2/14/2014)F4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 12,274 | 12,274 | D |
| Performance Restricted Stock Unit (granted 2/15/2013)F4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 15,810 | 15,810 | D |
Explanation of responses
- F1This transaction was executed at multiple trades at prices ranging from $88.60 to $89.97. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
- F2Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of February 3, 2016.
- F3Options vest in four (4) equal annual installments beginning one year from date of grant.
- F4Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- F5Each PRSU vests 100% three years from the date of grant if performance goals are met.