NORTEK INC 4
4 · NORTEK INC · Filed Mar 7, 2014
Insider Transaction Report
Form 4
NORTEK INCNTK
LaGrand David J.
President and CEO
Transactions
- Award
Common
2014-03-05+1,461→ 20,065 total - Award
Common
2014-03-05+2,923→ 22,988 total - Award
Employee Stock Option (right to buy)
2014-03-05$72.48/sh+3,761$272,597→ 3,761 totalExercise: $72.48Exp: 2024-03-05→ Common (3,761 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. Time-based restricted stock grant vests in one-third installments. One third vests on each anniversary date of the grant beginning on March 5, 2015.
- [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 2016, subject to the attainment of certain cumulative performance targets. These shares are subject to performance-based vesting conditions and could be subject to forfeiture.
- [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, 2015.