UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________________________________

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): August 21, 2007

_________________________

 

ILLINOIS TOOL WORKS INC.

(Exact name of registrant as specified in its charter)

 

Delaware

1-4797

36-1258310

(State or other jurisdiction of incorporation)

(Commission File No.)

(I.R.S. Employer Identification No.)

 

 

 

3600 West Lake Avenue, Glenview, IL

 

60026-1215

(Address of principal executive offices)

 

(Zip Code)

 

Registrant's telephone number, including area code: 847-724-7500

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[ ]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 8.01.          Other Events

 

On August 21, 2007, Illinois Tool Works Inc. (the "Company") announced that its Board of Directors approved a new share repurchase program which authorizes management to buy back up to $3 billion of the Company's common stock over an open ended period. The full authorization represents approximately 55 million shares based on the Company's closing share price on August 20, 2007.

 

Item 9.01.

Financial Statements and Exhibits

 

(d)

Exhibits

 

 

 

 

 

Exhibit Number

Exhibit Description

 

99.1

Press Release issued by Illinois Tool Works Inc. dated August 21, 2007 (furnished pursuant to Item 8.01).

 

 

 

 

 

 

SIGNATURES

 

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

 

ILLINOIS TOOL WORKS INC.

 

 

 

 

Dated: August 21, 2007

By: /s/ Ronald D. Kropp

 

Ronald D. Kropp

 

Senior Vice President and Chief Financial Officer

 

(Principal Accounting Officer)