SEC Form 4 · accession 0001214659-16-014379
NORDSON CORP · NDSN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randy W Carson
Director
Period of report
Oct 31, 2016
Accepted (ET)
Nov 2, 2016 · 5:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000072331
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Oct 31, 2016 | A | 162 | $0.00 | A | 24,218 | D | |
| Common SharesF2 | Nov 1, 2016 | A | 1,283 | $0.00 | A | 25,534 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person has elected to receive share equivalent units ("SEU") in lieu of cash for payment of director retainer fees pursuant to the Directors Deferred Compensation Plan. At time of distribution, SEUs convert to common shares on a one-for-one basis. Distribution is not permissible until participant ceases to be a Director.
- F2Effective November 1, 2016, the Company granted 1,283 restricted stock units as an annual grant to non-employee directors, valued at the then current market price of $97.43 per share. Such shares vest on October 31, 2017 unless, with certain exceptions, the reporting person ceases to be a director prior to the vesting date. The total holdings include 33 shares accrued from dividend payments through participation in the Directors Deferred Compensation Plan and pursuant to the Company's Dividend Reinvestment Plan.