SEC Form 4 · accession 0001144204-15-013925
NORTEK INC · NTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Burling
Officer — SVP Ops Finance and Excellence
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 4:04 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 |
|---|---|---|---|---|---|---|---|---|
| Common | Mar 2, 2015 | F | 105 | $79.41 | D | 13,999 | D | |
| CommonF1 | Mar 2, 2015 | D | 665 | $0.00 | D | 13,334 | D | |
| Common | Mar 3, 2015 | A | 2,345 | $35.70 | A | 15,679 | D | |
| Common | Mar 3, 2015 | F | 1,433 | $85.67 | D | 14,246 | 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 | $35.70 | Mar 3, 2015 | D | 2,345 | D | — | Mar 1, 2022 | Common | 2,345 | 4,694 | D |
Explanation of responses
- F1Forfeiture of shares of performance-based restricted stock grant originally awarded on 3/1/2012.
- F2The option is exercisable in five equal annual installments. 20% becomes exercisable on each anniversary of the grant date beginning on March 1, 2013.