Accession Number: | 0001630650-19-000002 |
Date: | 2019-07-25 |
Issuer: | ILLINOIS TOOL WORKS INC (ITW) |
Original Submission Date: |
ZIMMERMAN MICHAEL R.
ILLINOIS TOOL WORKS INC.
155 HARLEM AVENUE
GLENVIEW, IL 60025
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2019-07-25 | M | 9,325 | a | $63.25 | 16,315 | direct | ||
COMMON STOCK | 2019-07-25 | S | 9,325 | d | $160.00 | 6,990 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
EMPLOYEE STOCK OPTION | 63.25 | 2019-07-25 | deemed execution date | M | 9,325 (d) | 2014-02-15 | 2023-02-14 | common stock 9,325 | $63.25 | 0 | direct | |
EMPLOYEE STOCK OPTION | 78.59 | 2019-07-25 | deemed execution date | 0 ( ) | 2015-02-14 | 2024-02-14 | common stock 6,600 | $78.59 | 6,600 | direct | ||
EMPLOYEE STOCK OPTION | 98.26 | 2019-07-25 | deemed execution date | 0 ( ) | 2016-02-13 | 2025-02-13 | common stock 13,362 | $98.26 | 13,362 | direct | ||
EMPLOYEE STOCK OPTION | 91.88 | 2019-07-25 | deemed execution date | 0 ( ) | 2017-02-12 | 2026-02-12 | common stock 15,817 | $91.88 | 15,817 | direct | ||
EMPLOYEE STOCK OPTION | 128.0 | 2019-07-25 | deemed execution date | 0 ( ) | 2018-02-10 | 2027-02-10 | common stock 19,567 | $128.00 | 19,567 | direct | ||
EMPLOYEE STOCK OPTION | 163.36 | 2019-07-25 | deemed execution date | 0 ( ) | 2019-02-15 | 2028-02-15 | common stock 13,693 | $163.36 | 13,693 | direct | ||
EMPLOYEE STOCK OPTION | 144.21 | 2019-07-25 | deemed execution date | 0 ( ) | 2020-02-15 | 2029-02-15 | common stock 16,006 | $144.21 | 16,006 | direct | ||
PERFORMANCE SHARE UNITS (GRANTED 2/10/17) | 0.0 | 2019-07-25 | deemed execution date | 0 ( ) | common stock 2,172 | $0.00 | 2,172 | direct | ||||
PERFORMANCE SHARE UNITS (GRANTED 2/15/18) | 0.0 | 2019-07-25 | deemed execution date | 0 ( ) | common stock 1,670 | $0.00 | 1,670 | direct | ||||
PERFORMANCE SHARE UNITS (GRANTED 2/15/19) | 0.0 | 2019-07-25 | deemed execution date | 0 ( ) | common stock 1,932 | $0.00 | 1,932 | direct |
ID | footnote |
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f1 | the 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 4, 2019. |
f2 | options vest in four (4) equal annual installments beginning one year from date of grant. |
f3 | each performance share unit (psu) represents a contingent right to receive one share of the company's common stock. |
f4 | psus 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. |
f5 | each psu vests 100% three years from the date of grant if performance goals are met. |