SEC Form 4 · accession 0001503349-17-000002
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael M Larsen
Officer — SVP & CFO
Period of report
May 26, 2017
Accepted (ET)
May 31, 2017 · 5:16 pm EDT
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 | May 26, 2017 | M | 52,447 | $75.10 | A | 67,383 | D | |
| Common StockF1 | May 26, 2017 | S | 52,447 | $140.62 | D | 14,936 | 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 OptionF2 | $75.10 | May 26, 2017 | M | 52,447 | D | Sep 16, 2014 | Sep 16, 2023 | Common Stock | 52,447 | 17,483 | D |
| Employee Stock OptionF2 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 43,731 | 43,731 | D |
| Employee Stock OptionF2 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 44,955 | 44,955 | D |
| Employee Stock OptionF2 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 55,005 | 55,005 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 9,159 | 9,159 | D |
| Performance Restricted Stock Unit (granted 2/12/2016)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 9,795 | 9,795 | D |
| Employee Stock OptionF2 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 51,248 | 51,248 | D |
| Performance Share Units (granted 2/10/17)F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 5,371 | 5,371 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $140.40 to $140.76. 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.
- F2Options vest in four (4) equal annual installments beginning one year from date of grant.
- F3Each performance restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
- F4Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.