NORDSTROM INC 4/A
4/A · NORDSTROM INC · Filed Mar 27, 2014
Insider Transaction Report
Form 4/AAmended
Mattics Steven C
Executive Vice President
Transactions
- Award
Employee Stock Option (right to buy)
2014-03-03+9,576→ 9,576 totalExercise: $61.21Exp: 2024-03-03→ Common Stock (9,576 underlying)
Holdings
- 1,735
Common Stock
- 2,126.2(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]This Form 4 is being amended to report the number of options granted, which was unknown at the time of the original filing on 3/5/2014, pursuant to a formula approved by the Compensation Committee.
- [F2]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 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.
- [F3]Granted under the issuer's 2010 Equity Incentive Plan, exercisable in four equal annual installments commencing on 3/3/2015.