ILLINOIS TOOL WORKS INC 4
4 · ILLINOIS TOOL WORKS INC · Filed Nov 26, 2013
Insider Transaction Report
Form 4
GARDNER TIMOTHY J
Executive Vice President
Transactions
- Sale
Common Stock
2013-11-22$79.27/sh−22,000$1,743,940→ 14,227 total - Sale
Common Stock
2013-11-22$79.25/sh−4,000$317,000→ 14,227 total - Exercise/Conversion
Common Stock
2013-11-22$51.60/sh+22,000$1,135,200→ 36,227 total - Exercise/Conversion
Common Stock
2013-11-22$47.13/sh+4,000$188,520→ 18,227 total - Exercise/Conversion
Employee Stock Option
2013-11-22−4,000→ 0 totalExercise: $47.13From: 2005-12-10Exp: 2014-12-10→ Common Stock (4,000 underlying) - Exercise/Conversion
Employee Stock Option
2013-11-22−22,000→ 0 totalExercise: $51.60From: 2008-02-09Exp: 2017-02-09→ Common Stock (22,000 underlying)
Holdings
- 24,332
Employee Stock Option
Exercise: $43.64From: 2011-02-12Exp: 2020-02-12→ Common Stock (24,332 underlying) - 5,924
Performance Restricted Stock Unit (granted 2/10/2012)
Exercise: $0.00→ Common Stock (5,924 underlying) - 2,430(indirect: See Footnote)
Common Stock
- 5,797
Performance Restricted Stock Unit (granted 02/15/2013)
Exercise: $0.00→ Common Stock (5,797 underlying) - 5,375
Performance Restricted Stock Unit (granted 2/11/2011)
Exercise: $0.00→ Common Stock (5,375 underlying) - 37,301
Employee Stock Option
Exercise: $63.25From: 2014-02-15Exp: 2023-02-15→ Common Stock (37,301 underlying) - 35,932
Employee Stock Option
Exercise: $55.71From: 2013-02-10Exp: 2022-02-10→ Common Stock (35,932 underlying) - 20,260
Employee Stock Option
Exercise: $55.81From: 2012-02-11Exp: 2021-02-11→ Common Stock (20,260 underlying)
Footnotes (6)
- [F1]This transaction was executed at multiple prices ranging from $79.21 to $79.36. 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 $79.22 to $79.28. 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 my account in the Illinois Tool Works Inc. Savings & Investment Plan--Information reported as of November 22, 2013.
- [F4]Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
- [F5]Each PRSU vests 100% three years from the date of grant if performance goals are met.
- [F6]Options vest in four (4) equal annual installments beginning one year from date of grant.