Hirshorn James B 4
4 · NORTEK INC · Filed Jul 18, 2012
Insider Transaction Report
Form 4
NORTEK INCNTK
Hirshorn James B
Director
Transactions
- Award
Common
2012-07-16+4,828→ 7,792 total - Award
Stock Option (Right to Buy)
2012-07-16$52.81/sh+13,016$687,375→ 13,016 totalExercise: $52.81Exp: 2015-07-16→ Common (13,016 underlying) - Award
Common
2012-07-16+9,657→ 17,449 total
Footnotes (3)
- [F1]Unvested restricted stock awarded under the 2009 Omnibus Incentive Plan for which the Reporting Person has dividend and voting rights. Any dividends held by the Company are forfeitable. Restricted stock grant vests in one-third installments. One third vests on each anniversary date of the grant beginning on July 16, 2013.
- [F2]Performance-based unvested restricted stock awarded under the 2009 Omnibus Incentive Plan for which the Reporting Person has dividend and voting rights. Any dividends held by the Company are forfeitable.
- [F3]The option grant is exercisable in three equal annual installments. One-third becomes exercisable on each anniversary of the grant date beginning on July 16, 2013.