SEC Form 4 · accession 0001731145-19-000002
ILLINOIS TOOL WORKS INC · ITW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Mines
Officer — Executive Vice President
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 4:52 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 12, 2019 | M | 1,088 | $0.00 | A | 1,627 | D | |
| Common Stock | Feb 12, 2019 | F | 512 | $138.64 | D | 1,115 | 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 2/12/2016)F2,F5 | $0.00 | Feb 12, 2019 | M | 1,088 | D | — | — | Common Stock | 1,088 | 0 | D |
| Employee Stock Option | $98.26 | holding | — | — | — | Feb 13, 2016 | Feb 13, 2025 | Common Stock | 2,430 | 2,430 | D |
| Employee Stock OptionF1 | $128.00 | holding | — | — | — | Feb 10, 2018 | Feb 10, 2027 | Common Stock | 5,777 | 5,777 | D |
| Employee Stock Option | $78.59 | holding | — | — | — | Feb 14, 2015 | Feb 14, 2024 | Common Stock | 1,375 | 1,375 | D |
| Employee Stock OptionF1 | $91.88 | holding | — | — | — | Feb 12, 2017 | Feb 12, 2026 | Common Stock | 3,747 | 3,747 | D |
| Employee Stock OptionF1 | $163.36 | holding | — | — | — | Feb 15, 2019 | Feb 15, 2028 | Common Stock | 10,758 | 10,758 | D |
| Performance Share Units (granted 2/10/17)F2,F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 632 | 632 | D |
| Performance Share Units (granted 2/15/18)F2,F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 1,294 | 1,294 | 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.
- F3PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents, if any, accrued to date.
- F4Each PSU vests 100% three years from the date of grant if performance goals are met.
- F5The RSU award became vested and payable on February 12, 2019.