NORTEK INC 4
4 · NORTEK INC · Filed Mar 7, 2013
Insider Transaction Report
Form 4
NORTEK INCNTK
COONEY EDWARD J
Sr. VP and Treasurer
Transactions
- Award
Common
2013-03-05+1,172→ 57,943 total - Award
Common
2013-03-05+2,345→ 60,288 total - Award
Employee Stock Option (right to buy)
2013-03-05+4,003→ 4,003 totalExercise: $71.94Exp: 2023-03-05→ Common (4,003 underlying)
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 March 5, 2014.
- [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. Restricted stock grant vests in 2015, subject to the attainment of certain cumulative performance targets.
- [F3]The option grant is exercisable in three equal annual installments. One-third becomes exercisable on each anniversary of the grant date beginning on March 5, 2014.