0001503349-19-000002.txt : 20190916 0001503349-19-000002.hdr.sgml : 20190916 20190916173056 ACCESSION NUMBER: 0001503349-19-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190912 FILED AS OF DATE: 20190916 DATE AS OF CHANGE: 20190916 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Larsen Michael M CENTRAL INDEX KEY: 0001503349 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-04797 FILM NUMBER: 191095488 MAIL ADDRESS: STREET 1: ILLINOIS TOOL WORKS INC. STREET 2: 155 HARLEM AVE. CITY: GLENVIEW STATE: IL ZIP: 60025 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 4 1 wf-form4_156866943301247.xml FORM 4 X0306 4 2019-09-12 0 0000049826 ILLINOIS TOOL WORKS INC ITW 0001503349 Larsen Michael M ILLINOIS TOOL WORKS INC. 155 HARLEM AVENUE GLENVIEW IL 60025 0 1 0 0 SVP & CFO Common Stock 2019-09-12 4 M 0 13752 78.59 A 38726 D Common Stock 2019-09-12 4 S 0 13752 159.60 D 24974 D Common Stock 2019-09-12 4 M 0 21865 98.26 A 46839 D Common Stock 2019-09-12 4 S 0 21865 159.61 D 24974 D Employee Stock Option 98.26 2019-09-12 4 M 0 21865 0 D 2016-02-13 2025-02-13 Common Stock 21865.0 21866 D Employee Stock Option 78.59 2019-09-12 4 M 0 13752 0 D 2015-02-14 2024-02-14 Common Stock 13752.0 0 D Employee Stock Option 91.88 2017-02-12 2026-02-12 Common Stock 44955.0 44955 D Employee Stock Option 128.0 2018-02-10 2027-02-10 Common Stock 51248.0 51248 D Employee Stock Option 163.36 2019-02-15 2028-02-15 Common Stock 37167.0 37167 D Employee Stock Option 144.21 2020-02-15 2029-02-15 Common Stock 41472.0 41472 D Performance Share Units (granted 2/10/17) 0.0 Common Stock 5691.0 5691 D Performance Share Units (granted 2/15/18) 0.0 Common Stock 4533.0 4533 D Performance Share Units (granted 2/15/19) 0.0 Common Stock 5006.0 5006 D This transaction was executed at multiple prices ranging from $159.54 to $159.85. 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. This transaction was executed at multiple prices ranging from $159.43 to $159.95. 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 annual installments beginning one year from date of grant. Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock. 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. Each PSU vests 100% three years from the date of grant if performance goals are met. Michael M. Larsen by Janet O. Love, Deputy General Counsel & Assistant Secretary, Attorney-in-Fact, POA on File. 2019-09-16