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

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

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

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