MARTEL ROLAND M 4
4 · ILLINOIS TOOL WORKS INC · Filed Dec 6, 2017
Insider Transaction Report
Form 4
MARTEL ROLAND M
Executive Vice President
Transactions
- Gift
Common Stock
2017-11-07−2,200→ 26,222 total - Sale
Common Stock
2017-12-04$166.70/sh−25,022$4,171,167→ 26,222 total - Sale
Common Stock
2017-12-04$168.42/sh−6,601$1,111,740→ 26,222 total - Exercise/Conversion
Common Stock
2017-12-04$43.64/sh+25,022$1,091,960→ 51,244 total - Exercise/Conversion
Common Stock
2017-12-04$43.64/sh+33,195$1,448,630→ 59,417 total - Sale
Common Stock
2017-12-04$167.74/sh−33,195$5,568,129→ 26,222 total - Exercise/Conversion
Common Stock
2017-12-04$43.64/sh+6,601$288,068→ 32,823 total - Exercise/Conversion
Employee Stock Option
2017-12-04−64,818→ 0 totalExercise: $43.64From: 2011-02-12Exp: 2020-02-12→ Common Stock (64,818 underlying)
Holdings
- 22,477
Employee Stock Option
Exercise: $91.88From: 2017-02-12Exp: 2026-02-12→ Common Stock (22,477 underlying) - 25,158
Employee Stock Option
Exercise: $128.00From: 2018-02-10Exp: 2027-02-10→ Common Stock (25,158 underlying) - 29,702
Employee Stock Option
Exercise: $78.59From: 2015-02-14Exp: 2024-02-14→ Common Stock (29,702 underlying) - 52,265
Employee Stock Option
Exercise: $55.71From: 2013-02-10Exp: 2022-02-10→ Common Stock (52,265 underlying) - 4,897
Performance Restricted Stock Unit (granted 2/12/2016)
Exercise: $0.00→ Common Stock (4,897 underlying) - 4,579
Performance Restricted Stock Unit (granted 2/13/15)
Exercise: $0.00→ Common Stock (4,579 underlying) - 42,387
Employee Stock Option
Exercise: $63.25From: 2014-02-15Exp: 2023-02-15→ Common Stock (42,387 underlying) - 48,622
Employee Stock Option
Exercise: $55.81From: 2012-02-11Exp: 2021-02-11→ Common Stock (48,622 underlying) - 21,865
Employee Stock Option
Exercise: $98.26From: 2016-02-13Exp: 2025-02-13→ Common Stock (21,865 underlying) - 2,674
Performance Share Units (granted 2/10/17)
Exercise: $0.00→ Common Stock (2,674 underlying)
Footnotes (6)
- [F1]This transaction was executed in multiple trades at prices ranging from $166.25 to $167.25. 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.
- [F2]This transaction was executed in multiple trades at prices ranging from $167.26 to $168.25. 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.
- [F3]This transaction was executed in multiple trades at prices ranging from $168.28 to $168.61. 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.
- [F4]Options vest in four (4) equal annual installments beginning one year from date of grant.
- [F5]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.
- [F6]Each PRSU and PSU vests 100% three years from date of grant if performance goals are met. In addition, PSU amounts above include accrued dividend equivalent rights payable upon vesting.