4//SEC Filing
NORTEK INC 4
Accession 0001144204-14-002444
CIK 0001216596operating
Filed
Jan 14, 7:00 PM ET
Accepted
Jan 15, 5:14 PM ET
Size
9.2 KB
Accession
0001144204-14-002444
Insider Transaction Report
Form 4
NORTEK INCNTK
Bonham D. Andrew
Group Pres. - RES-V
Transactions
- Award
Common
2014-01-13+1,690→ 1,690 total - Award
Employee Stock Option (right to buy)
2014-01-13$75.40/sh+5,541$417,791→ 5,541 totalExercise: $75.40Exp: 2024-01-13→ Common (5,541 underlying) - Award
Common
2014-01-13+3,381→ 5,071 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. Time-based restricted stock grant vests in one-fifth installments. One fifth vests on each anniversary date of the grant beginning on January 13, 2015. These shares are subject to time-based or performance-based vesting conditions and could be subject to forfeiture.
- [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 one-fifth installments. One fifth vests on each anniversary date of the grant beginning on January 13, 2015 subject to the attainment of certain performance targets for each of the vesting years. These shares are subject to time-based or performance-based vesting conditions and could be subject to forfeiture.
- [F3]The option is exercisable in five equal annual installments. 20% becomes exercisable on each anniversary of the grant date beginning on January 13, 2015.
Documents
Issuer
NORTEK INC
CIK 0001216596
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001216596
Filing Metadata
- Form type
- 4
- Filed
- Jan 14, 7:00 PM ET
- Accepted
- Jan 15, 5:14 PM ET
- Size
- 9.2 KB