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*
SANTI ERNEST SCOTT

(Last) (First) (Middle)
ILLINOIS TOOL WORKS INC.
3600 WEST LAKE AVENUE

(Street)
GLENVIEW IL 60026

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2013
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)
Code V Amount (A) or (D) Price
Common Stock 02/15/2013 M 16,279 A $0.00 47,129 D
Common Stock 02/15/2013 F 5,324 D $63.02 41,805 D
Common Stock 3,367 I See Footnote(1)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $48.51 02/08/2009 02/08/2018 Common Stock 80,000 80,000 D
Employee Stock Option $35.12 02/13/2010 02/13/2019 Common Stock 138,750 138,750 D
Employee Stock Option $43.64 02/12/2011(2) 02/12/2020 Common Stock 148,154 148,154 D
Performance Restricted Stock Unit (granted 02/12/2010)(3) $0.00 02/15/2013 M 16,279 (4) (4) Common Stock 16,279 $0.00 0 D
Employee Stock Option $55.81 02/11/2012(2) 02/11/2021 Common Stock 101,297 101,297 D
Performance Restricted Stock Unit (granted 02/11/2011)(3) $0.00 (5) (5) Common Stock 13,438 13,438 D
Employee Stock Option $55.71 02/10/2013(2) 02/10/2022 Common Stock 108,885 108,885 D
Performance Restricted Stock Unit (granted 02/10/2012)(3) $0.00 (5) (5) Common Stock(5) 13,463 13,463 D
Performance Restricted Stok Unit (granted 2/15/2013)(3) $0.00 02/15/2013 A 35,573 (5) (5) Common Stock 35,573 $0.00 35,573 D
Employee Stock Option $63.25 02/15/2013 A 305,188 02/15/2014(2) 02/15/2023 Common Stock 305,188 $0.00 305,188 D
Explanation of Responses:
1. Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan---Information reported as of February 15, 2013.
2. Options vest in four (4) equal annual installments beginning one year from date of grant.
3. Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
4. The PRSU award became payable on February 15, 2013.
5. Each PRSU vests 100% three years from the date of grant if performance goals are met.
Remarks:
Ernest Scott Santi by Maria C. Green, Senior Vice President, General Counsel & Secretary, Attorney-In-Fact POA on File 02/20/2013
** 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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