SEC Form 4 · accession 0001498509-16-000011
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sundaram Nagarajan
Officer — Executive Vice President
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 2:12 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 | Dec 7, 2016 | M | 4,560 | $55.81 | A | 24,777 | D | |
| Common Stock | Dec 7, 2016 | S | 4,560 | $126.24 | D | 20,217 | D |
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 | Dec 7, 2016 | M | 4,560 | D | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 4,560 | 4,554 | D |
| Employee Stock OptionF2 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 21,056 | 21,056 | D |
| Employee Stock OptionF2 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 27,502 | 27,502 | D |
| Employee Stock OptionF2 | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 37,301 | 37,301 | D |
| Employee Stock OptionF2 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 22,893 | 22,893 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,988 | 4,988 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,410 | 4,410 | D |
| Performance Restricted Stock Unit (granted 2/14/2014)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 5,301 | 5,301 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person and approved by the Issuer effective June 7, 2016.
- F2Options vest in four (4) equal annual installments beginning one year from date of grant.
- F3Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- F4Each PRSU vests 100% three years from the date of grant if performance goals are met.