NORDSTROM INC 4/A
4/A · NORDSTROM INC · Filed Mar 10, 2008
Insider Transaction Report
Form 4/AAmended
BRASHEAR MARK S
Executive Vice President
Transactions
- Award
Employee Stock Option (right to buy)
2008-02-28+13,361→ 13,361 totalExercise: $38.02Exp: 2018-02-28→ Common Stock (13,361 underlying)
Holdings
- 20,324
Common Stock
Footnotes (3)
- [F1]The number is calculated as a function of base pay, a long-term incentive (LTI) percentage and the fair value of the option. The Binomial Lattice option valuation model was used to estimate the fair value of the option. This model requires the input of certain assumptions, including risk-free interest rate, volatility, dividend yield, and expected life. The formula for determining the number of options granted is: number of options = (base pay x LTI%) / option fair value.
- [F2]This Form 4 is being amended to report the number of options granted, which was unknown at the time of the original filing on February 29, 2008, pursuant to a formula approved by the Compensation Committee.
- [F3]Granted under the issuer's 2004 Equity Incentive Plan, exercisable in four equal annual installments commencing on 2/28/09.