Form Type: 4

SEC EDGAR Link
Accession Number:0001307581-21-000002
Date:2021-02-10
Issuer: ILLINOIS TOOL WORKS INC (ITW)
Original Submission Date:

Reporting Person:

SANTI ERNEST SCOTT
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 2021-02-10 M 99,002 a $78.59 295,172 direct
COMMON STOCK 2021-02-10 S 99,002 d $205.03 196,170 direct
COMMON STOCK 2021-02-11 M 1,231 a $78.59 197,401 direct
COMMON STOCK 2021-02-11 S 1,231 d $205.37 196,170 direct
COMMON STOCK 2021-02-10 0 $0.00 3,981 indirect f3
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 78.59 2021-02-10 deemed execution date M 99,002 (d) 2015-02-14 2024-02-14 common stock 99,002 $78.59 125,420 direct
EMPLOYEE STOCK OPTION 78.59 2021-02-11 deemed execution date M 1,231 (d) 2015-02-14 2024-02-14 common stock 1,231 $78.59 124,189 direct
Footnotes
IDfootnote
f1 this transaction was executed at multiple prices ranging from $205 to $205.25. 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 this transaction was executed at multiple prices ranging from $205.01 to $205.53. 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.
f3 shares of common stock allocated to the reporting person's account in the illinois tool works inc. savings & investment plan as of february 10, 2021.
f4 options vested in four (4) equal annual installments beginning one year from date of grant.
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