SEC Form 4 · accession 0001380374-16-000029
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
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 2:37 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 | Nov 16, 2016 | M | 31,037 | $55.81 | A | 31,621 | D | |
| Common StockF1 | Nov 16, 2016 | S | 30,837 | $124.25 | D | 784 | D | |
| Common StockF2 | Nov 16, 2016 | S | 200 | $125.03 | D | 584 | D | |
| Common StockF3 | holding | — | — | — | 1,197 | 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 | $55.81 | Nov 16, 2016 | M | 31,037 | D | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 31,037 | 0 | D |
| Employee Stock OptionF4 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 48,590 | 48,590 | D |
| Employee Stock OptionF4 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 49,950 | 49,950 | D |
| Employee Stock OptionF4 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 66,006 | 66,006 | D |
| Employee Stock Option | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 108,885 | 108,885 | D |
| Employee Stock OptionF4 | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 101,729 | 101,729 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F5,F6 | $0.00 | holding | — | — | — | — | — | Common Stock | 10,883 | 10,883 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F5,F6 | $0.00 | holding | — | — | — | — | — | Common Stock | 10,177 | 10,177 | D |
| Performance Restricted Stock Unit (granted 2/14/2014)F5,F6 | $0.00 | holding | — | — | — | — | — | Common Stock | 12,274 | 12,274 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $123.90 to $124.86. 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 transactions described in footnotes (1) and (2) of this Form 4 were effected.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.93 to $125.12, inclusive.
- F3Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of November 16, 2016.
- F4Options vest in four (4) equal annual installments beginning one year from date of grant.
- F5Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- F6Each PRSU vests 100% three years from the date of grant if performance goals are met.