0000049826-16-000279.txt : 20161123 0000049826-16-000279.hdr.sgml : 20161123 20161123120549 ACCESSION NUMBER: 0000049826-16-000279 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161122 FILED AS OF DATE: 20161123 DATE AS OF CHANGE: 20161123 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ILLINOIS TOOL WORKS INC CENTRAL INDEX KEY: 0000049826 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 361258310 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 155 HARLEM AVENUE CITY: GLENVIEW STATE: IL ZIP: 60025 BUSINESS PHONE: 8477247500 MAIL ADDRESS: STREET 1: 155 HARLEM AVENUE CITY: GLENVIEW STATE: IL ZIP: 60025 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Zimmerman Michael R. CENTRAL INDEX KEY: 0001630650 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-04797 FILM NUMBER: 162015569 MAIL ADDRESS: STREET 1: 155 HARLEM AVE. CITY: GLENVIEW STATE: IL ZIP: 60025 4 1 wf-form4_147992073521809.xml FORM 4 X0306 4 2016-11-22 0 0000049826 ILLINOIS TOOL WORKS INC ITW 0001630650 Zimmerman Michael R. ILLINOIS TOOL WORKS INC. 155 HARLEM AVENUE GLENVIEW IL 60025 0 1 0 0 Executive Vice President Common Stock 2016-11-22 4 M 0 9238 55.81 A 11016 D Common Stock 2016-11-22 4 S 0 9238 123.63 D 1778 D Employee Stock Option 78.59 2015-02-14 2024-02-14 Common Stock 6600.0 6600 D Employee Stock Option 55.71 2013-02-10 2022-02-10 Common Stock 10017.0 10017 D Employee Stock Option 63.25 2014-02-15 2023-02-14 Common Stock 9325.0 9325 D Employee Stock Option 55.81 2016-11-22 4 M 0 9238 0 D 2012-02-11 2021-02-11 Common Stock 9238.0 0 D Employee Stock Option 98.26 2016-02-13 2025-02-13 Common Stock 13362.0 13362 D Performance Restricted Stock Unit (granted 2/13/15) 0.0 Common Stock 2798.0 2798 D Restricted Stock Unit (granted 02/14/2014) 0.0 Common Stock 1272.0 1272 D Employee Stock Option 91.88 2017-02-12 2026-02-12 Common Stock 15817.0 15817 D Performance Restricted Stock Unit (granted 2/12/2016) 0.0 Common Stock 3446.0 3446 D This transaction was executed in multiple trades at prices ranging from $123.62 to $123.64. 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. Options vest in four (4) equal installments beginning one year from date of grant. Each restricted stock unit (RSU) and performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock. Each PRSU vests 100% three years from the date of grant if performance goals are met. Each RSU vests 100% three years from the date of grant. Michael R. Zimmerman, by Janet O. Love, Deputy General Counsel & Assistant Secretary, Attorney-In-Fact on File 2016-11-23 EX-24 2 ex-24.htm POWER OF ATTORNEY- ZIMMERMAN

POWER OF ATTORNEY

The undersigned hereby constitutes and appoints each of E. Scott Santi, Michael M. Larsen, and Janet O. Love signing singly, his true and lawful attorney-in-fact to:

(1) execute for and on behalf of the undersigned Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder;

(2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Form 3, 4 or 5 and the timely filing of such form with the United States Securities and Exchange Commission ("SEC") and any other person; and

(3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his discretion.

The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.

This Power of Attorney shall be effective on the date set forth below and shall continue in full force and effect until the date on which the undersigned shall cease to be subject to Section 16 of the Exchange Act and the rules thereunder or until such earlier date on which written notification executed by the undersigned is filed with the SEC expressly revoking this Power of Attorney.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 26th day of October 015.

/s/ Michael R. Zimmerman
Michael R. Zimmerman

Signed and sworn to before me on
this 26th day of October 2015.

/s/ Meghan P. Callero
Notary Public