Form Type: 4

SEC EDGAR Link
Accession Number:0001307581-19-000004
Date:2019-10-28
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 2019-10-28 M 33,887 a $63.25 150,922 direct
COMMON STOCK 2019-10-28 S 33,887 d $167.37 117,035 direct
COMMON STOCK 2019-10-28 M 69,223 a $63.25 186,258 direct
COMMON STOCK 2019-10-28 S 69,223 d $168.82 117,035 direct
COMMON STOCK 2019-10-28 M 29,548 a $63.25 146,583 direct
COMMON STOCK 2019-10-28 S 29,548 d $169.95 117,035 direct
COMMON STOCK 2019-10-28 M 10,442 a $63.25 127,477 direct
COMMON STOCK 2019-10-28 S 10,442 d $170.73 117,035 direct
COMMON STOCK 2019-10-28 M 6,900 a $63.25 123,935 direct
COMMON STOCK 2019-10-28 S 6,900 d $171.53 117,035 direct
COMMON STOCK 2019-10-28 M 2,594 a $63.25 119,629 direct
COMMON STOCK 2019-10-28 S 2,594 d $173.75 117,035 direct
COMMON STOCK 2019-10-28 0 $0.00 3,864 indirect f6
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 63.25 2019-10-28 deemed execution date M 152,594 (d) 2014-02-15 2023-02-15 common stock 152,594 $63.25 152,594 direct
EMPLOYEE STOCK OPTION 128.0 2019-10-28 deemed execution date 0 ( ) 2018-02-10 2027-02-10 common stock 195,676 $128.00 195,676 direct
EMPLOYEE STOCK OPTION 98.26 2019-10-28 deemed execution date 0 ( ) 2016-02-13 2025-02-13 common stock 184,645 $98.26 184,645 direct
EMPLOYEE STOCK OPTION 78.59 2019-10-28 deemed execution date 0 ( ) 2015-02-14 2024-02-14 common stock 224,422 $78.59 224,422 direct
EMPLOYEE STOCK OPTION 91.88 2019-10-28 deemed execution date 0 ( ) 2017-02-12 2026-02-12 common stock 199,800 $91.88 199,800 direct
EMPLOYEE STOCK OPTION 163.36 2019-10-28 deemed execution date 0 ( ) 2019-02-15 2028-02-15 common stock 143,453 $163.36 143,453 direct
EMPLOYEE STOCK OPTION 144.21 2019-10-28 deemed execution date 0 ( ) 2020-02-15 2029-02-15 common stock 167,345 $144.21 167,345 direct
PERFORMANCE SHARE UNITS (GRANTED 2/10/17) 0.0 2019-10-28 deemed execution date 0 ( ) common stock 21,884 $0.00 21,884 direct
PERFORMANCE SHARE UNITS (GRANTED 2/15/18) 0.0 2019-10-28 deemed execution date 0 ( ) common stock 17,623 $0.00 17,623 direct
PERFORMANCE SHARE UNITS (GRANTED 2/15/19) 0.0 2019-10-28 deemed execution date 0 ( ) common stock 20,351 $0.00 20,351 direct
Footnotes
IDfootnote
f1 this transaction was executed at multiple prices ranging from $167.38 to $168.37. 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 $168.39 to $169.30. 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 this transaction was executed at multiple prices ranging from $169.30 to $170.30. 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.
f4 this transaction was executed at multiple prices ranging from $170.30 to $171.13. 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.
f5 this transaction was executed at multiple prices ranging from $171.39 to $171.74. 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.
f6 shares of common stock allocated to my account in the illinois tool works inc. savings & investment plan---information reported as of october 28, 2019.
f7 options vest in four (4) equal annual installments beginning one year from date of grant.
f8 each performance share unit (psu) represents a contingent right to receive one share of the company's common stock.
f9 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.
f10 each psu vests 100% three years from the date of grant if performance goals are met.
WhaleWisdom Logo

Elevate your investments