4/A//SEC Filing
NORDSTROM INC 4/A
Accession 0000072333-16-000233
CIK 0000072333operating
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 2:50 PM ET
Size
8.3 KB
Accession
0000072333-16-000233
Insider Transaction Report
Form 4/AAmended
Dennehy Brian
Executive Vice President
Transactions
- Award
Performance Rights
2016-02-29+4,384→ 4,384 totalFrom: 2019-02-02Exp: 2019-02-02→ Common Stock (4,384 underlying) - Award
Common Stock
2016-02-29$4583.00/sh+4,583$21,003,889→ 17,237 total
Footnotes (3)
- [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 3/2/2016.
- [F2]Restricted Stock Award vesting in four equal annual installments commencing 2/28/2017. 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.
- [F3]This Form 4 is being amended to correct the number of Performance Rights granted by the Company on 2/29/2016. The number of units was incorrectly reported due to an administrative error. Each Performance Right represents a contingent right to receive one share of the Company's common stock. The number of Performance Rights that may be earned is based upon the Company's total shareholder return compared to the total shareholder return of companies in the Standard & Poor's 500 as composed on the first day of the performance cycle during the same period.
Documents
Issuer
NORDSTROM INC
CIK 0000072333
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0000072333
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 2:50 PM ET
- Size
- 8.3 KB