Illinois Tool Works (ITW) Form 4 ILLINOIS TOOL WORKS / Norman D. Jr. Finch ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Finch Norman D. Jr.

(Last) (First) (Middle)

155 HARLEM AVE.

(Street)

GLENVIEW IL 60025

(City) (State) (Zip)

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)
Sr. VP, General Counsel & Secy

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	02/01/2020		M		6,108	A	$0	10,371(1)	D
Common Stock	02/01/2020		F		1,868	D	$174.98	8,503	D
Common Stock								615	I	SEE FOOTNOTE(2)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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	$126.88							02/01/2018(3)	02/01/2027	Common Stock	28,928		28,928	D
Employee Stock Option	$128							02/10/2018(3)	02/10/2027	Common Stock	15,374		15,374	D
Employee Stock Option	$163.36							02/15/2019(3)	02/15/2028	Common Stock	11,411		11,411	D
Employee Stock Option	$144.21							02/15/2020(3)	02/15/2029	Common Stock	12,732		12,732	D
Restricted Stock Unit (granted 2/1/17)(4)	$0.0	02/01/2020		M			0	(5)	(5)	Common Stock	0.0	$0	0	D

Explanation of Responses:

1. Includes 252 shares acquired under a dividend reinvestment plan.

2. Shares of common stock held in spouse's IRA.

3. Options vest in four (4) equal installments beginning one year from date of grant.

4. Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.

5. The RSU award became vested and payable on February 1, 2020.

Remarks:

	Norman D. Finch Jr., by Janet O. Love, Chief Governance Counsel & Assistant Secretary, Attorney-In Fact POA on File.	02/04/2020
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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