MARTINDALE STEVEN L 4

4 · ILLINOIS TOOL WORKS INC · Filed Aug 1, 2019

Form 4

Period: 2019-07-30

Executive Vice President

Transactions

Exercise/Conversion
Common Stock
2019-07-30$55.81/sh+48,622$2,713,594→ 84,546 total
Sale
Common Stock
2019-07-30$155.88/sh−48,622$7,579,197→ 35,924 total
Exercise/Conversion
Employee Stock Option
2019-07-30−48,622→ 0 total
Exercise: $55.81From: 2012-02-11Exp: 2021-02-11→ Common Stock (48,622 underlying)

Holdings

Employee Stock Option
Exercise: $98.26From: 2016-02-13Exp: 2025-02-13→ Common Stock (17,816 underlying)
17,816
Employee Stock Option
Exercise: $78.59From: 2015-02-14Exp: 2024-02-14→ Common Stock (24,202 underlying)
24,202
Employee Stock Option
Exercise: $91.88From: 2017-02-12Exp: 2026-02-12→ Common Stock (18,315 underlying)
18,315
Employee Stock Option
Exercise: $163.36From: 2019-02-15Exp: 2028-02-15→ Common Stock (17,605 underlying)
17,605
Performance Share Units (granted 2/10/17)
Exercise: $0.00→ Common Stock (2,483 underlying)
2,483
Performance Share Units (granted 2/15/18)
Exercise: $0.00→ Common Stock (2,147 underlying)
2,147
Employee Stock Option
Exercise: $128.00From: 2018-02-10Exp: 2027-02-10→ Common Stock (22,363 underlying)
22,363
Employee Stock Option
Exercise: $144.21From: 2020-02-15Exp: 2029-02-15→ Common Stock (21,100 underlying)
21,100
Employee Stock Option
Exercise: $55.71From: 2013-02-10Exp: 2022-02-10→ Common Stock (52,265 underlying)
52,265
Employee Stock Option
Exercise: $63.25From: 2014-02-14Exp: 2023-02-15→ Common Stock (42,387 underlying)
42,387
Performance Share Units (granted 2/15/19)
Exercise: $0.00→ Common Stock (2,547 underlying)
2,547

Footnotes (5)

[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.

Documents

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