SEC Form 4 · accession 0001470159-18-000002
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randall J Scheuneman
Officer — VP & Chief Accounting Officer
Period of report
Feb 13, 2018
Accepted (ET)
Feb 15, 2018 · 4:48 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 13, 2018 | M | 1,136 | $0.00 | A | 6,161 | D | |
| Common Stock | Feb 13, 2018 | F | 357 | $161.85 | D | 5,804 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (granted 02/13/15)F2,F3 | $0.00 | Feb 13, 2018 | M | 1,136 | D | — | — | Common Stock | 1,136 | 0 | D |
| Employee Stock Option | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 11,977 | 11,977 | D |
| Employee Stock OptionF1 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 5,827 | 5,827 | D |
| Employee Stock OptionF1 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2026 | Common Stock | 5,425 | 5,425 | D |
| Employee Stock Option | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 6,820 | 6,820 | D |
| Employee Stock Option | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 9,664 | 9,664 | D |
| Employee Stock Option | $55.81 | holding | — | — | — | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 14,931 | 14,931 | D |
| Restricted Stock Unit (granted 2/12/2016)F2,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,269 | 1,269 | D |
| Employee Stock OptionF1 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 6,802 | 6,802 | D |
| Performance Share Units (granted 2/10/17)F2,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 725 | 725 | D |
Explanation of responses
- F1Options vest in four (4) equal annual installments beginning one year from date of grant.
- F2Each restricted stock unit (RSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
- F3The RSU award became vested and payable on February 13, 2018.
- F4Each RSU vests 100% three years from the date of grant.
- F5Each PSU vests 100% three years from the date of grant if performance goals are met. In addition, PSU amounts above include accrued dividend equivalent rights payable upon vesting.