4//SEC Filing
NORDSTROM INC 4
Accession 0000072333-14-000026
CIK 0000072333operating
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 4:55 PM ET
Size
16.4 KB
Accession
0000072333-14-000026
Insider Transaction Report
Form 4
MIDDLEMAS ROBERT J
Executive Vice President
Transactions
- Tax Payment
Common Stock
2014-03-03$61.21/sh−625$38,256→ 18,393 total - Exercise/Conversion
Common Stock
2014-03-04$13.47/sh+10,000$134,700→ 28,393 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2014-03-04−10,000→ 0 totalExercise: $13.47Exp: 2019-02-27→ Common Stock (10,000 underlying) - Award
Employee Stock Option (Right to Buy)
2014-03-03+0→ 0 totalExercise: $61.21Exp: 2024-03-03→ Common Stock (0 underlying) - Award
Common Stock
2014-03-03+1,975→ 17,385 total - Award
Common Stock
2014-03-03+1,633→ 19,018 total - Sale
Common Stock
2014-03-04$61.59/sh−10,000$615,856→ 18,393 total
Footnotes (5)
- [F1]Restricted stock award, vesting and exercisable in four equal annual installments commencing 3/3/2015.
- [F2]The price reported represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $61.57 to $61.601, inclusive. The reporting person undertakes to provide to Nordstrom, Inc., any security holder of Nordstrom, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
- [F3]The number of options granted is not known at this time. The number is calculated as a function of base pay, a long-term incentive (LTI) percentage and the fair value of the option. The Bionomial Lattice option valuation model will be 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. This Form 4 will be amended to report the number of options granted when that number has been calculated.
- [F4]Granted under the issuer's 2010 Equity Incentive Plan, exercisable in four equal installments commencing on 3/3/2015.
- [F5]Exercisable in four equal annual installments commencing on 2/27/2010.
Documents
Issuer
NORDSTROM INC
CIK 0000072333
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0000072333
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 4:55 PM ET
- Size
- 16.4 KB