Form Type: 4

SEC EDGAR Link
Accession Number:0001451673-19-000002
Date:2019-07-30
Issuer: ILLINOIS TOOL WORKS INC (ITW)
Original Submission Date:

Reporting Person:

MARTINDALE STEVEN L
ILLINOIS TOOL WORKS INC.
155 HARLEM AVENUE GLENVIEW, IL 60025

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-07-30 M 48,622 a $55.81 84,546 direct
COMMON STOCK 2019-07-30 S 48,622 d $155.88 35,924 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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 55.81 2019-07-30 deemed execution date M 48,622 (d) 2012-02-11 2021-02-11 common stock 48,622 $55.81 0 direct
EMPLOYEE STOCK OPTION 98.26 2019-07-30 deemed execution date 0 ( ) 2016-02-13 2025-02-13 common stock 17,816 $98.26 17,816 direct
EMPLOYEE STOCK OPTION 55.71 2019-07-30 deemed execution date 0 ( ) 2013-02-10 2022-02-10 common stock 52,265 $55.71 52,265 direct
EMPLOYEE STOCK OPTION 78.59 2019-07-30 deemed execution date 0 ( ) 2015-02-14 2024-02-14 common stock 24,202 $78.59 24,202 direct
EMPLOYEE STOCK OPTION 63.25 2019-07-30 deemed execution date 0 ( ) 2014-02-14 2023-02-15 common stock 42,387 $63.25 42,387 direct
EMPLOYEE STOCK OPTION 91.88 2019-07-30 deemed execution date 0 ( ) 2017-02-12 2026-02-12 common stock 18,315 $91.88 18,315 direct
EMPLOYEE STOCK OPTION 128.0 2019-07-30 deemed execution date 0 ( ) 2018-02-10 2027-02-10 common stock 22,363 $128.00 22,363 direct
EMPLOYEE STOCK OPTION 163.36 2019-07-30 deemed execution date 0 ( ) 2019-02-15 2028-02-15 common stock 17,605 $163.36 17,605 direct
EMPLOYEE STOCK OPTION 144.21 2019-07-30 deemed execution date 0 ( ) 2020-02-15 2029-02-15 common stock 21,100 $144.21 21,100 direct
PERFORMANCE SHARE UNITS (GRANTED 2/10/17) 0.0 2019-07-30 deemed execution date 0 ( ) common stock 2,483 $0.00 2,483 direct
PERFORMANCE SHARE UNITS (GRANTED 2/15/18) 0.0 2019-07-30 deemed execution date 0 ( ) common stock 2,147 $0.00 2,147 direct
PERFORMANCE SHARE UNITS (GRANTED 2/15/19) 0.0 2019-07-30 deemed execution date 0 ( ) common stock 2,547 $0.00 2,547 direct
Footnotes
IDfootnote
f1 this transaction was executed at multiple prices ranging from $155.67 to $156.07. 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.
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.
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