GLENVIEW, IL — David Speer sold 55,348 shares of Illinois Tool Works Inc stock, or $3,116,646 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on February 17, 2012.

After the transaction, David Speer's stake was reported as 11,835 shares of Illinois Tool Works Inc stock (a 82% decrease from before the transaction took place). In addition, David Speer performed several other transactions, including using transaction codes 'M' (exercise, usually of options). David Speer's title was listed as "Director Chairman & CEO" at Illinois Tool Works Inc within the filing.

As noted on February 21, 2012, David Speer's sale was done directly over 1 transaction on February 17, 2012. The share price for the transaction was $56.31 according to the regulatory filing detailing the trade.

If we look over the past 12 months, David Speer has sold a total of 55,348 shares of Illinois Tool Works Inc, proceeds from the sale totaled $3,116,646. Over the same time period, David Speer has purchased no shares of Illinois Tool Works Inc stock. David Speer has also performed other transactions including payment of tax liabilites , and exercise of options .

Let's take a quick, high-level look at insider trading at Illinois Tool Works Inc over the past 12 months. A total of 375,469 shares of Illinois Tool Works Inc stock was sold by insiders, totaling $21,314,724. Over the same time 12 month time period, 3,000 shares of Illinois Tool Works Inc, for a total value of $142,880 were purchased by company insiders.

In addition to David Speer's role with Illinois Tool Works Inc, David Speer has affiliations with 2 other companies. David Speer's affiliations include Deere & Co, Illinois Tool Works Inc, Rockwell Automation Inc .

To view the complete SEC Filing: Illinois Tool Works Inc 4 (Insider Trading) SEC Filing