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 OF SECURITIES 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 * SANTI ERNEST SCOTT   2. Issuer Name and Ticker or Trading Symbol ILLINOIS TOOL WORKS INC [ITW] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman & CEO (Last) (First) (Middle) ILLINOIS TOOL WORKS INC., 155 HARLEM AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 02/10/2017 (Street) GLENVIEW, IL 60025 4. If Amendment, Date 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 (City) (State) (Zip) 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               71,201 D   Common Stock               3,636 I See Footnote (1)

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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 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

$ 98.26

02/13/2016(2)

02/13/2025

Common Stock

184,645

184,645

D

Employee Stock Option

$ 78.59

02/14/2015(2)

02/14/2024

Common Stock

224,422

224,422

D

Employee Stock Option

$ 63.25

02/15/2014(2)

02/15/2023

Common Stock

305,188

305,188

D

Employee Stock Option

$ 91.88

02/12/2017(2)

02/12/2026

Common Stock

199,800

199,800

D

Employee Stock Option

$ 55.81

02/11/2012

02/11/2021

Common Stock

101,297

101,297

D

Employee Stock Option

$ 55.71

02/10/2013

02/10/2022

Common Stock

108,885

108,885

D

Performance Restricted Stock Unit (granted 2/12/2016) (3)

$ 0

(4)

(4)

Common Stock

32,651

32,651

D

Performance Restricted Stock Unit (granted 2/13/15) (3)

$ 0

(4)

(4)

Common Stock

29,004

29,004

D

Performance Restricted Stock Unit (granted 2/14/2014) (3)

$ 0

(4)

(4)

Common Stock

32,446

32,446

D

Employee Stock Option

$ 128

02/10/2017

A

195,676

02/10/2018(2)

02/10/2027

Common Stock

195,676

$ 0

195,676

D

Performance Share Units (granted 2/10/17)

$ 0

02/10/2017

A

20,507

(4)

(4)

Common Stock

20,507

$ 0

20,507

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SANTI ERNEST SCOTT ILLINOIS TOOL WORKS INC. 155 HARLEM AVENUE GLENVIEW, IL 60025	X		Chairman & CEO

Signatures

Ernest Scott Santi by Janet O. Love, Deputy General Counsel & Assistant Secretary, Attorney-In-Fact POA on File		02/14/2017
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares of common stock allocated to my account in the Illinois Tool Works Inc. Savings & Investment Plan---Information reported as of February 10, 2017.
(2)	Options vest in four (4) equal annual installments beginning one year from date of grant.
(3)	Each performance restricted stock unit (PRSU) and performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
(4)	Each PRSU and PSU vests 100% three years from the date of grant if performance goals are met.

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