Filing Details
- Accession Number:
- 0000072333-17-000010
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-02-28 18:15:33
- Reporting Period:
- 2017-02-27
- Filing Date:
- 2017-02-28
- Accepted Time:
- 2017-02-28 18:15:33
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 72333 | Nordstrom Inc | JWN | Retail-Family Clothing Stores (5651) | 910515058 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1183468 | W Blake Nordstrom | C/O Nordstrom, Inc. 1617 Sixth Avenue Seattle WA 98101 | President | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2017-02-27 | 100 | $46.20 | 2,115,346 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-02-27 | 1,458 | $47.59 | 2,113,888 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-02-28 | 0 | $0.00 | 2,113,888 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2016-02-29 | 13,190 | $0.00 | 2,113,888 | No | 4 | A | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Acquisiton | 2017-02-28 | 0 | $0.00 | 0 | $46.66 |
| Common Stock | Employee Stock Option (right to buy) | Acquisiton | 2016-02-29 | 82,141 | $0.00 | 82,141 | $51.32 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2027-02-28 | No | 4 | A | Direct | |
| 82,141 | 2026-02-28 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 89,833 | Indirect | By 401(k) Plan, per Plan statement dated 1/31/2017. |
| Common Stock | 377,626 | Indirect | By wife. |
| Common Stock | 32,794 | Indirect | By self as trustee for benefit of child |
Footnotes
- The sale reported herein is pursuant to a 10b5-a Trading Plan entered into on 8/29/2016.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.30 to $47.99, inclusive. The reporting person undertakes to provide to Nordstrom, Inc., any security holder of Nordstrom, Inc., or the staff of the Securities and Exchange Comission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- Restricted Stock Award vesting in four equal annual installments commencing 3/10/2018. The number of Restricted Stock Units ("RSUs") granted are not known at this time. The number of RSUs to be awarded is a function of base pay, a long-term incentive (LTI) percentage and the fair value of an RSU. The fair value of an RSU is calculated as the stock price as of the effective date less the present value of Company stock dividends over the vesting period. This calculation requires the input of certain assumptions, including the risk-free interest rate and the expected Company stock dividends. The formula for determining the number of RSUs granted is: number of RSUs = (base pay x LTI%) / RSU fair value. This Form 4 will be amended to report the number of RSUs granted when the number has been calculated.
- Originally reported on 3/2/2016, the Restricted Stock Award is corrected to update the vesting to reflect four equal annual installments commencing on 3/10/2017.
- The number of options granted is not known at this time. The number is calculated as a function of base pay, a long-term incentive (LTI) percentage and the fair value of the option. The Binomial Lattice option valuation model will be used to estimate the fair value of the option. This model requires the input of certain assumptions, including risk-free interest rate, volatility, dividend yield, and expected life. The formula for determining the number of options granted is: number of options = (base pay x LTI%) / option fair value. This Form 4 will be amended to report the number of options granted when that number has been calculated.
- Granted under the issuer's 2010 Equity Incentive Plan, exercisable in four equal annual installments commencing on 3/10/2018.
- Originally reported on 3/2/2016, the option is corrected to update the vesting to reflect four equal annual installments commencing on 3/10/2017.
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