Accession Number: | 0001451673-19-000002 |
Date: | 2019-07-30 |
Issuer: | ILLINOIS TOOL WORKS INC (ITW) |
Original Submission Date: |
MARTINDALE STEVEN L
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 | 2019-07-30 | M | 48,622 | a | $55.81 | 84,546 | direct | ||
COMMON STOCK | 2019-07-30 | S | 48,622 | d | $155.88 | 35,924 | 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 | 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 |
ID | footnote |
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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. |