NORDSTROM INC 4/A
4/A · NORDSTROM INC · Filed Mar 25, 2015
Insider Transaction Report
Form 4/AAmended
Dennehy Brian
Executive Vice President
Transactions
- Award
Employee Stock Option (right to buy)
2015-02-24+14,503→ 14,503 totalExercise: $80.56Exp: 2025-02-24→ Common Stock (14,503 underlying)
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 2/26/2015, calculated 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]Exercisable in four equal installments commencing 2/24/2016.