NORDSTROM INC 4/A
4/A · NORDSTROM INC · Filed Mar 17, 2015
Insider Transaction Report
Form 4/AAmended
Dennehy Brian
Executive Vice President
Transactions
- Award
Common Stock
2015-02-24+1,964→ 11,128 total
Footnotes (2)
- [F1]This Form 4 is being amended to report the number of Restricted Stock Units granted, calculated pursuant to a formula approved by the Compensation Committee. The number was unknown at the time of the original filing on 2/26/2015, and was not included in the Form 4 filed by the reporting person on 3/4/2015.
- [F2]Restricted Stock Award vesting and exercisable in four equal annual installments commencing 2/24/2016. The number of RSUs awarded is a function of base pay, a long-term incentive (LTI) percentage and the fair value of an RSU. The fair value of an RSU is calculated as the stock price as of the effective date less the present value of Company stock dividends over the vesting period. This calculation requires the input of certain assumptions, including the risk-free interest rate and the expected Company stock dividends. The formula for determining the number of RSUs granted is: number of RSUs = (base pay x LTI%) / RSU fair value.