SEC Form 4 · accession 0001638599-16-000594
NORTEK INC · NTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Lee Mueller
Officer — Group President, AQH
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 5:27 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 | Jan 29, 2016 | D | 2,961 | $0.00 | D | 3,046 | D | |
| CommonF2 | Jan 29, 2016 | A | 3,749 | $0.00 | A | 6,795 | 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 buy)F3 | $38.99 | Jan 29, 2016 | A | 17,409 | A | — | Jan 29, 2026 | Common | 17,409 | 17,409 | D |
Explanation of responses
- F1Disposition to the Company of 2,961 shares of Performance-Based Restricted Stock.
- F2Unvested 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.
- F3Option is exercisable in three equal annual installments. One-third becomes exercisable on each anniversary of the grant date beginning on January 29, 2017.