SEC Form 4 · accession 0001638599-16-000582
NORTEK INC · NTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B Hirshorn
Director
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 3:21 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,F2,F3 | Jan 29, 2016 | A | 2,266 | $0.00 | A | 23,454 | D |
Table II — derivative securities
No Table II lines on this filing.
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 vests in one-third installments. One third vests on each anniversary date of the grant beginning on January 29, 2017.
- F2Includes 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.
- F3The 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.