Randall J. Scheuneman - May 7, 2021 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
VP & Chief Accounting Officer
Signature
/s/ Norman D. Finch Jr., Attorney-in-Fact for Randall J. Scheuneman
Stock symbol
ITW
Transactions as of
May 7, 2021
Transactions value $
-$1,618,522
Form type
4
Date filed
5/11/2021, 04:56 PM
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise $536K +6.82K +87.41% $78.59 14.6K May 7, 2021 Direct
transaction ITW Common Stock Sale -$1.62M -6.82K -46.64% $237.32 7.8K May 7, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ITW Employee Stock Option Options Exercise -$536K -6.82K -100% $78.59 0 May 7, 2021 Common Stock 6.82K $78.59 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed at multiple prices ranging from $237.29 to $237.43. 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 Options vested in four (4) equal annual installments beginning one year from date of grant.