SEC FORM 4

SEC Form 4

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^*

CALLAHAN ROBERT T

(Last)

(First)

(Middle)

3600 W. LAKE AVENUE

(Street)

GLENVIEW

60026-1215

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ILLINOIS TOOL WORKS INC [ ITW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. V. P. Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾⁽⁵⁾	08/18/2006	08/08/1998	M		700	A	$45.99	15,786	D
Common Stock⁽¹⁾⁽⁵⁾	08/18/2006		S		700	D	$45.5	15,086	D⁽¹⁾⁽⁵⁾
Common Stock⁽²⁾⁽⁵⁾	09/30/2005	12/31/2005	A		80	A	$0	3,506	I	See Footnote⁽²⁾⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option⁽³⁾⁽⁵⁾	$29.125	11/16/2005		A		6,000		12/11/1999	12/11/2008	Common Stock	6,000	$29.125	6,000	D
Employee Stock Option⁽³⁾⁽⁵⁾	$32.75	12/17/1999		A		14,000		12/17/2000	12/17/2009	Common Stock	14,000	$32.75	14,000	D
Employee Stock Option⁽³⁾⁽⁵⁾	$27.9375	12/15/2000		A		34,000		12/15/2001	12/15/2010	Common Stock	34,000	$27.9375	34,000	D
Employee Stock Option⁽³⁾⁽⁵⁾	$31.125	12/14/2001		A		30,000		12/14/2002	12/14/2011	Common Stock	30,000	$31.125	30,000	D
Employee Stock Option⁽³⁾⁽⁵⁾	$47.13	12/10/2004		A		60,000		12/10/2005	12/10/2014	Common Stock	60,000	$47.13	60,000	D
Employee Stock Option⁽⁴⁾⁽⁵⁾	$42.08	02/01/2006		A		60,000		12/07/2006	02/01/2016	Common Stock	60,000	$42.08	60,000	D

Explanation of Responses:

1. Includes shares of restricted vesting over 3 year period: 12/16/2004, 12/16/2005, and 12/18/2006.

2. Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan. Information reported as of December 31, 2005.

3. Options vest in four equal annual installments beginning one year from date of grant.

4. Options vest in four equal annual installments beginning in each December following the grant date.

5. Shares received as a result of the two-for-one stock split on May 25, 2006

	Robert T. Callahan by James H. Wooten, Jr., V.P., Gen. Counsel & Secretary Attorney-In-Fact POA on File	08/22/2006
	** 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).
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