4//SEC Filing
NORTEK INC 4
Accession 0001638599-16-000582
CIK 0001216596operating
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 3:21 PM ET
Size
6.1 KB
Accession
0001638599-16-000582
Insider Transaction Report
Form 4
NORTEK INCNTK
Hirshorn James B
Director
Transactions
- Award
Common
2016-01-29+2,266→ 23,454 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 vests in one-third installments. One third vests on each anniversary date of the grant beginning on January 29, 2017.
- [F2]Includes 3,835 securities held by the Reporting Person for the benefit of Ares Management LLC ("Ares"), the parent of the managers of Ares Corporate Opportunities Fund II, L.P. ("ACOF II") and Ares Corporate Opportunities Fund III, L.P. ("ACOF III" and together with ACOF II, the "ACOF Funds"), which are stockholders of the Issuer. As of April 1, 2013, the Reporting Person became associated with Ares and the ACOF Funds. Pursuant to the policies of Ares and the ACOF Funds, the Reporting Person holds 3,835 securities as a nominee on behalf of, and for the benefit of, Ares and the ACOF Funds and has assigned all economic, pecuniary and voting rights in respect of these securities to Ares.
- [F3]The Reporting Person disclaims beneficial ownership of 3,835 securities of the Issuer issued to the Reporting Person and held for the benefit of Ares, except to the extent of any pecuniary interest therein, and the filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of or has any pecuniary interest in any such securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.
Documents
Issuer
NORTEK INC
CIK 0001216596
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001216596
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 3:21 PM ET
- Size
- 6.1 KB