NORDSTROM INC 4

4 · NORDSTROM INC · Filed Mar 5, 2014

Form 4

Period: 2014-03-03

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 total
Exercise: $13.47Exp: 2019-02-27→ Common Stock (10,000 underlying)
Award
Employee Stock Option (Right to Buy)
2014-03-03+0→ 0 total
Exercise: $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

1 file