NORTEK INC 4
4 · NORTEK INC · Filed Feb 2, 2016
Insider Transaction Report
Form 4
NORTEK INCNTK
Mueller Jeffrey Lee
Group President, RES-V
Transactions
- Disposition to Issuer
Common
2016-01-29−2,961→ 3,046 total - Award
Employee Stock Option (right to buy)
2016-01-29$38.99/sh+17,409$678,777→ 17,409 totalExercise: $38.99Exp: 2026-01-29→ Common (17,409 underlying) - Award
Common
2016-01-29+3,749→ 6,795 total
Footnotes (3)
- [F1]Disposition to the Company of 2,961 shares of Performance-Based Restricted Stock.
- [F2]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.
- [F3]Option is exercisable in three equal annual installments. One-third becomes exercisable on each anniversary of the grant date beginning on January 29, 2017.