FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ILLINOIS TOOL WORKS INC [ ITW ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/15/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 02/15/2019 | M | 9,795 | A | $0 | 28,243 | D(1) | |||
Common Stock | 02/15/2019 | F | 3,269 | D | $138.64 | 24,974 | D(1) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option | $98.26 | 02/13/2016 | 02/13/2025 | Common Stock | 43,731 | 43,731 | D | ||||||||
Employee Stock Option | $91.88 | 02/12/2017(2) | 02/12/2026 | Common Stock | 44,955 | 44,955 | D | ||||||||
Employee Stock Option | $78.59 | 02/14/2015 | 02/14/2024 | Common Stock | 13,752 | 13,752 | D | ||||||||
Performance Restricted Stock Unit (granted 2/12/2016)(3) | $0.0 | 02/15/2019 | M | 9,795 | (4) | (4) | Common Stock | 9,795 | $0 | 0 | D | ||||
Performance Share Units (granted 2/10/17)(3)(5) | $0.0 | (6) | (6) | Common Stock | 5,615 | 5,615 | D | ||||||||
Performance Share Units (granted 2/15/18)(3)(5) | $0.0 | (6) | (6) | Common Stock | 4,472 | 4,472 | D | ||||||||
Employee Stock Option | $128 | 02/10/2018(2) | 02/10/2027 | Common Stock | 51,248 | 51,248 | D | ||||||||
Employee Stock Option | $163.36 | 02/15/2019(2) | 02/15/2028 | Common Stock | 37,167 | 37,167 | D | ||||||||
Employee Stock Option | $144.21 | 02/15/2019 | A | 41,472 | 02/15/2020(2) | 02/15/2029 | Common Stock | 41,472 | $0 | 41,472 | D | ||||
Performance Share Units (granted 2/15/19)(3)(5) | $0.0 | 02/15/2019 | A | 4,940 | (6) | (6) | Common Stock | 4,940 | $0 | 4,940 | D |
Explanation of Responses: |
1. Held jointly with spouse. |
2. Options vest in four (4) equal annual installments beginning one year from date of grant. |
3. 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. |
4. The PRSU award became vested and payable on February 15, 2019. |
5. 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. |
6. Each PSU vests 100% three years from the date of grant if performance goals are met. |
Remarks: |
Michael M. Larsen by Janet O. Love, Deputy General Counsel & Assistant Secretary, Attorney-in-Fact, POA on File. | 02/20/2019 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |