SEC Form 4 · accession 0001144204-15-012236
NORTEK INC · NTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Joseph Clarke
Officer — President and CEO · Director
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 3:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001216596
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Feb 24, 2015 | A | 9,277 | $0.00 | A | 171,070 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option - Right to BuyF2 | $80.84 | Feb 24, 2015 | A | 22,713 | A | — | Feb 24, 2025 | Common | 22,713 | 22,713 | D |
Explanation of responses
- F1Unvested 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 grant vests in one-third installments. One third vests on each anniversary date of the grant beginning on February 24, 2016.
- F2The option grant is exercisable in three equal annual installments. One-third becomes exercisable on each anniversary of the grant date beginning on February 24, 2016.