Ernest Scott Santi - 03 Feb 2023 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Signature
/s/ Irene Song, Attorney-in-Fact for E. Scott Santi
Issuer symbol
ITW
Transactions as of
03 Feb 2023
Net transactions value
-$36,159,377
Form type
4
Filing time
07 Feb 2023, 15:55:37 UTC
Previous filing
02 Dec 2022
Next filing
14 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise $3,523,211 +35,856 +17% $98.26 249,394 03 Feb 2023 Direct
transaction ITW Common Stock Options Exercise $18,357,624 +199,800 +80% $91.88 449,194 03 Feb 2023 Direct
transaction ITW Common Stock Sale $29,254,552 -119,168 -27% $245.49 330,026 03 Feb 2023 Direct F1
transaction ITW Common Stock Sale $17,795,008 -72,220 -22% $246.40 257,806 03 Feb 2023 Direct F2
transaction ITW Common Stock Sale $4,555,387 -18,390 -7.1% $247.71 239,416 03 Feb 2023 Direct F3
transaction ITW Common Stock Sale $4,255,512 -17,131 -7.2% $248.41 222,285 03 Feb 2023 Direct F4
transaction ITW Common Stock Sale $2,179,752 -8,747 -3.9% $249.20 213,538 03 Feb 2023 Direct F5
holding ITW Common Stock 4,518 03 Feb 2023 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 -35,856 -100% $0.000000* 0 03 Feb 2023 Common Stock 35,856 $98.26 Direct F7
transaction ITW Employee Stock Option Options Exercise $0 -199,800 -100% $0.000000* 0 03 Feb 2023 Common Stock 199,800 $91.88 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 $245.00 to $245.99. 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 in multiple trades at prices ranging from $246.00 to $246.99. 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 in multiple trades at prices ranging from $247.00 to $248.00. 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 $248.00 to $248.98. 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 $249.01 to $249.48. 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 February 3, 2023.
F7 Options vested in four (4) equal annual installments beginning one year from date of grant.