NORTEK INC 4
4 · NORTEK INC · Filed Feb 2, 2016
Insider Transaction Report
Form 4
NORTEK INCNTK
CLARKE MICHAEL JOSEPH
DirectorPresident and CEO
Transactions
- Award
Common
2016-01-29+29,985→ 177,982 total - Award
Employee Stock Option (right to buy)
2016-01-29$38.99/sh+73,723$2,874,460→ 73,723 totalExercise: $38.99Exp: 2026-01-29→ Common (73,723 underlying)
Footnotes (2)
- [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 vests in one-third installments. One third vests on each anniversary date of the grant beginning on January 29, 2017.
- [F2]Option is exercisable in three equal annual installments. One-third becomes exercisable on each anniversary of the grant date beginning on January 29, 2017.