Sec Form 4 Filing - VALLS JUAN @ ILLINOIS TOOL WORKS INC - 2016-02-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
VALLS JUAN
2. Issuer Name and Ticker or Trading Symbol
ILLINOIS TOOL WORKS INC [ ITW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last) (First) (Middle)
ILLINOIS TOOL WORKS INC., 155 HARLEM AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
02/12/2016
(Street)
GLENVIEW, IL60025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/15/2016 M 6,324 A $ 0 ( 1 ) 23,057 D
Common Stock 02/15/2016 F 3,036 D $ 91.88 20,021 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $ 43.64 02/12/2011 02/12/2020 Common Stock 16,403 16,403 D
Employee Stock Option $ 78.59 02/14/2015( 2 ) 02/14/2024 Common Stock 24,202 24,202 D
Performance Restricted Stock Unit (granted 2/14/2014) ( 1 ) $ 0 ( 3 ) ( 3 ) Common Stock 4,665 4,665 D
Employee Stock Option $ 55.71 02/10/2013 02/10/2022 Common Stock 52,265 52,265 D
Performance Restricted Stock Unit (granted 2/15/2013) ( 1 ) $ 0 02/15/2016 M 6,324 ( 4 ) ( 4 ) Common Stock 6,324 $ 0 0 D
Employee Stock Option $ 98.26 02/13/2016( 2 ) 02/13/2025 Common Stock 17,816 17,816 D
Employee Stock Option $ 63.25 02/15/2014( 2 ) 02/15/2023 Common Stock 40,692 40,692 D
Employee Stock Option $ 55.81 02/11/2012 02/11/2021 Common Stock 48,622 48,622 D
Performance Restricted Stock Unit (granted 2/13/15) ( 1 ) $ 0 ( 3 ) ( 3 ) Common Stock 3,731 3,731 D
Employee Stock Option $ 91.88 02/12/2016 A 16,650 02/12/2017( 2 ) 02/12/2026 Common Stock 16,650 $ 0 16,650 D
Performance Restricted Stock Unit (granted 2/12/2016) ( 1 ) $ 0 02/12/2016 A 3,627 ( 3 ) ( 3 ) Common Stock 3,627 $ 0 3,627 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
VALLS JUAN
ILLINOIS TOOL WORKS INC.
155 HARLEM AVENUE
GLENVIEW, IL60025
Executive Vice President
Signatures
Juan Valls by Janet O. Love, Deputy General Counsel & Assistant Secretary, Attorney-In-Fact POA on File 02/17/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each performance restricted stock unit (PRSU) represents a contingent right to receive one share of the Company's common stock.
( 2 )Options vest in four (4) equal annual installments beginning one year from date of grant.
( 3 )Each PRSU vests 100% three years from the date of grant if performance goals are met.
( 4 )The RSU award became vested and payable on February 15, 2016.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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