4//SEC Filing
NORDSTROM INC 4
Accession 0000072333-17-000022
CIK 0000072333operating
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 3:50 PM ET
Size
9.8 KB
Accession
0000072333-17-000022
Insider Transaction Report
Form 4
McKibbin Karen
Executive Vice President
Transactions
- Tax Payment
Common Stock
2017-02-24$46.46/sh−78$3,624→ 15,511 total - Award
Common Stock
2017-02-28+8,296→ 23,807 total - Award
Employee Stock Option (right to buy)
2017-02-28+0→ 0 totalExercise: $46.66Exp: 2027-02-28→ Common Stock (0 underlying)
Footnotes (3)
- [F1]Restricted Stock Award vesting in four equal annual installments commencing 3/10/2018. 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.
- [F2]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 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. This Form 4 will be amended to report the number of options granted when that number has been calculated.
- [F3]Granted under the issuer's 2010 Equity Incentive Plan, exercisable in four equal annual installments commencing on 3/10/2018.
Documents
Issuer
NORDSTROM INC
CIK 0000072333
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0000072333
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 3:50 PM ET
- Size
- 9.8 KB