SEC Form 4 · accession 0001630650-15-000006
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R. Zimmerman
Officer — Executive Vice President
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 4:42 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 22, 2015 | M | 1,000 | $51.60 | A | 1,817 | D | |
| Common Stock | May 22, 2015 | S | 1,000 | $97.16 | D | 817 | D | |
| Common Stock | May 22, 2015 | M | 2,000 | $48.51 | A | 2,817 | D | |
| Common Stock | May 22, 2015 | S | 2,000 | $97.15 | D | 817 | 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 | $48.51 | May 22, 2015 | M | 2,000 | D | Feb 8, 2009 | Feb 8, 2018 | Common Stock | 2,000 | 0 | D |
| Employee Stock Option | $51.60 | May 22, 2015 | M | 1,000 | D | Feb 9, 2008 | Feb 9, 2017 | Common Stock | 1,000 | 0 | D |
| Performance Restricted Stock Unit (granted 2/13/15)F1,F2 | $0.00 | holding | — | — | — | — | — | Common Stock | 2,798 | 2,798 | D |
| Restricted Stock Unit (granted 02/14/2014)F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,272 | 1,272 | D |
| Restricted Stock Unit (granted 2/15/2013)F1,F3 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,449 | 1,449 | D |
| Employee Stock OptionF4 | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 6,600 | 6,600 | D |
| Employee Stock OptionF4 | $55.71 | holding | — | — | — | Feb 10, 2013 | Feb 10, 2022 | Common Stock | 10,017 | 10,017 | D |
| Employee Stock OptionF4 | $63.25 | holding | — | — | — | Feb 15, 2014 | Feb 14, 2023 | Common Stock | 9,325 | 9,325 | D |
| Employee Stock Option | $55.81 | holding | — | — | — | Feb 11, 2012 | Feb 11, 2021 | Common Stock | 9,238 | 9,238 | D |
| Employee Stock OptionF4 | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2026 | Common Stock | 13,362 | 13,362 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) and peformance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- F2Each PRSU vests 100% three years from the date of grant if performance goals are met.
- F3Each RSU vests 100% three years from the date of grant
- F4Options vest in four (4) equal annual installments beginning one year from date of grant.