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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 11/14/22 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 49826 |
| Issuer Name: ILLINOIS TOOL WORKS INC |
| Issuer Trading Symbol: ITW |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1503349 |
| | Owner Name: Larsen Michael M |
| Reporting Owner Address: |
| | Owner Street 1: ILLINOIS TOOL WORKS INC. |
| | Owner Street 2: 155 HARLEM AVENUE |
| | Owner City: GLENVIEW |
| | Owner State: IL |
| | Owner ZIP Code: 60025 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: SVP & CFO |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 11/14/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 51,248 |
| | | Transaction Price Per Share: |
| Value: 128 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 87,850 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 11/14/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 51,248 |
| | | Transaction Price Per Share: |
| Value: 228.01 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 36,602 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Employee Stock Option |
| | Conversion or Exercise Price: |
| | | Value: 128.0 |
| | Transaction Date: |
| | | Value: 11/14/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 51,248 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Value: 2/10/18 |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Value: 2/10/27 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 51,248.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: This transaction was executed at multiple prices ranging from $228 to $228.21. 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. |
| Footnote - F2: Options vested in four (4) equal annual installments beginning one year from date of grant. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Irene Song, Attorney-in-Fact for Michael M. Larsen |
| Signature Date: 11/16/22 |
