Santi Ernest Scott's Form 4 filing
Illinois Tool Works IncITW · filed Feb 7, 2023
- Accession no.
- 0001307581-23-000002
- Filed
- Feb 7, 2023
- Trade date
- Feb 3, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 7 non-derivative transactions and 2 derivative transactions. Open-market sales total $58.0M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Santi Ernest ScottCIK 0001307581 | Director, Officer (Chairman & CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 3, 2023 | Common Stock | MOption exerciseAcquired | +35,856 | $98.26 | +$3,523,210.56 | 249,394 | Direct | |
| Feb 3, 2023 | Common Stock | MOption exerciseAcquired | +199,800 | $91.88 | +$18,357,624 | 449,194 | Direct | |
| Feb 3, 2023 | Common Stock | SSaleDisposed | −119,168 | $245.49F1 | −$29,254,552.32 | 330,026 | Direct | |
| Feb 3, 2023 | Common Stock | SSaleDisposed | −72,220 | $246.40F2 | −$17,795,008 | 257,806 | Direct | |
| Feb 3, 2023 | Common Stock | SSaleDisposed | −18,390 | $247.71F3 | −$4,555,386.9 | 239,416 | Direct | |
| Feb 3, 2023 | Common Stock | SSaleDisposed | −17,131 | $248.41F4 | −$4,255,511.71 | 222,285 | Direct | |
| Feb 3, 2023 | Common Stock | SSaleDisposed | −8,747 | $249.20F5 | −$2,179,752.4 | 213,538 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 3, 2023 | Common Stock | MOption exerciseDisposed | −35,856 | $0.00 | $0 | 0 | Direct | |
| Feb 3, 2023 | Common Stock | MOption exerciseDisposed | −199,800 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.