MARTEL ROLAND M 4

4 · ILLINOIS TOOL WORKS INC · Filed Dec 6, 2017

Insider Transaction Report

Form 4

Period: 2017-11-07

ILLINOIS TOOL WORKS INCITW

MARTEL ROLAND M

Executive Vice President

Transactions

Gift
Common Stock
2017-11-07−2,200→ 26,222 total
Exercise/Conversion
Common Stock
2017-12-04$43.64/sh+25,022$1,091,960→ 51,244 total
Sale
Common Stock
[F1]
2017-12-04$166.70/sh−25,022$4,171,167→ 26,222 total
Exercise/Conversion
Common Stock
2017-12-04$43.64/sh+33,195$1,448,630→ 59,417 total
Sale
Common Stock
[F2]
2017-12-04$167.74/sh−33,195$5,568,129→ 26,222 total
Exercise/Conversion
Common Stock
2017-12-04$43.64/sh+6,601$288,068→ 32,823 total
Sale
Common Stock
[F3]
2017-12-04$168.42/sh−6,601$1,111,740→ 26,222 total
Exercise/Conversion
Employee Stock Option
2017-12-04−64,818→ 0 total
Exercise: $43.64From: 2011-02-12Exp: 2020-02-12→ Common Stock (64,818 underlying)

Holdings

Employee Stock Option
[F4]
Exercise: $78.59From: 2015-02-14Exp: 2024-02-14→ Common Stock (29,702 underlying)
29,702
Employee Stock Option
Exercise: $63.25From: 2014-02-15Exp: 2023-02-15→ Common Stock (42,387 underlying)
42,387
Employee Stock Option
Exercise: $55.81From: 2012-02-11Exp: 2021-02-11→ Common Stock (48,622 underlying)
48,622
Employee Stock Option
Exercise: $55.71From: 2013-02-10Exp: 2022-02-10→ Common Stock (52,265 underlying)
52,265
Employee Stock Option
[F4]
Exercise: $91.88From: 2017-02-12Exp: 2026-02-12→ Common Stock (22,477 underlying)
22,477
Employee Stock Option
[F4]
Exercise: $98.26From: 2016-02-13Exp: 2025-02-13→ Common Stock (21,865 underlying)
21,865
Employee Stock Option
[F4]
Exercise: $128.00From: 2018-02-10Exp: 2027-02-10→ Common Stock (25,158 underlying)
25,158
Performance Restricted Stock Unit (granted 2/12/2016)
[F5][F6]
Exercise: $0.00→ Common Stock (4,897 underlying)
4,897
Performance Restricted Stock Unit (granted 2/13/15)
[F5][F6]
Exercise: $0.00→ Common Stock (4,579 underlying)
4,579
Performance Share Units (granted 2/10/17)
[F5][F6]
Exercise: $0.00→ Common Stock (2,674 underlying)
2,674

Footnotes (6)

[F1]This transaction was executed in multiple trades at prices ranging from $166.25 to $167.25. 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 in multiple trades at prices ranging from $167.26 to $168.25. 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.
[F3]This transaction was executed in multiple trades at prices ranging from $168.28 to $168.61. 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]Options vest in four (4) equal annual installments beginning one year from date of grant.
[F5]Each performance restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
[F6]Each PRSU and PSU vests 100% three years from date of grant if performance goals are met. In addition, PSU amounts above include accrued dividend equivalent rights payable upon vesting.

Signature

Roland M. Martel by Janet O. Love, Deputy General Counsel & Assistant Secretary, Attorney-In-Fact POA on File|2017-12-06

Documents

1 file

4
wf-form4_151259008502652.xmlPrimary
FORM 4