NORDSON CORP 4
4 · NORDSON CORP · Filed Nov 2, 2016
Insider Transaction Report
Form 4
NORDSON CORPNDSN
CARSON RANDY W
Director
Transactions
- Award
Common Shares
2016-10-31+162→ 24,218 total - Award
Common Shares
2016-11-01+1,283→ 25,534 total
Footnotes (2)
- [F1]The reporting person has elected to receive share equivalent units ("SEU") in lieu of cash for payment of director retainer fees pursuant to the Directors Deferred Compensation Plan. At time of distribution, SEUs convert to common shares on a one-for-one basis. Distribution is not permissible until participant ceases to be a Director.
- [F2]Effective November 1, 2016, the Company granted 1,283 restricted stock units as an annual grant to non-employee directors, valued at the then current market price of $97.43 per share. Such shares vest on October 31, 2017 unless, with certain exceptions, the reporting person ceases to be a director prior to the vesting date. The total holdings include 33 shares accrued from dividend payments through participation in the Directors Deferred Compensation Plan and pursuant to the Company's Dividend Reinvestment Plan.