Scott Santi - Feb 4, 2022 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role: Chairman & CEO, Director
Signature: /s/ Irene Song, Attorney-in-Fact for E. Scott Santi
Stock symbol: ITW
Transactions as of: Feb 4, 2022
Transactions value $: -$19,815,372
Form type: 4
Date filed: 2/8/2022, 04:30 PM
Previous filing: Dec 2, 2021
Next filing: Feb 15, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ITW	Common Stock	Options Exercise	$14.6M	+149K	+73.28%	$98.26	352K	Feb 4, 2022	Direct
transaction	ITW	Common Stock	Sale	-$13.5M	-58.8K	-16.71%	$230.52	293K	Feb 4, 2022	Direct	F1
transaction	ITW	Common Stock	Sale	-$10.5M	-45.6K	-15.56%	$231.43	247K	Feb 4, 2022	Direct	F2
transaction	ITW	Common Stock	Sale	-$7.79M	-33.5K	-13.55%	$232.33	214K	Feb 4, 2022	Direct	F3
transaction	ITW	Common Stock	Sale	-$2.03M	-8.71K	-4.07%	$233.57	205K	Feb 4, 2022	Direct	F4
transaction	ITW	Common Stock	Sale	-$515K	-2.2K	-1.07%	$234.08	203K	Feb 4, 2022	Direct	F5
holding	ITW	Common Stock						4.06K	Feb 4, 2022	See Footnote	F6

Showing 1 to 7 of 7 entries

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	$0	-149K	-80.58%	$0.00	35.9K	Feb 4, 2022	Common Stock	149K	$98.26	Direct	F7

* 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 $230.00 to $230.99. 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 at multiple prices ranging from $231.00 to $231.99. 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 at multiple prices ranging from $232.00 to $232.99. 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	This transaction was executed at multiple prices ranging from $233.01 to $233.99. 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.
F5	This transaction was executed at multiple prices ranging from $234.02 to $234.20. 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.
F6	Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of August 17, 2021.
F7	Options vested in four (4) equal annual installments beginning one year from date of grant.

Remarks:

Exhibit 24- Power of Attorney