NORDSTROM INC 4/A
4/A · NORDSTROM INC · Filed Mar 22, 2017
Insider Transaction Report
Form 4/AAmended
McKibbin Karen
Executive Vice President
Transactions
- Award
Stock Units
2017-02-28+11,172→ 11,172 totalExercise: $46.66Exp: 2027-02-28→ Common Stock (11,172 underlying)
Footnotes (3)
- [F1]This Form 4 is being amended to report the number of options granted, calculated pursuant to a formula approved by the Compensation Committee. The number was unknown at the time of the original filing on 2/28/2017.
- [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 is 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 annual installments commencing 3/10/2018.