SEC Form 4/A · accession 0000072333-15-000068
NORDSTROM INC · JWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Michael G Koppel
Officer — Executive Vice President
Period of report
Feb 24, 2015
Accepted (ET)
Mar 25, 2015 · 7:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000072333
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2,F3 | $80.56 | Feb 24, 2015 | A | 31,054 | A | — | Feb 24, 2025 | Common Stock | 31,054 | 31,054 | D |
Explanation of responses
- F1This Form 4 is being amended to report the number of options granted, which was unknown at the time of the original filing on 2/26/2015, calculated pursuant to a formula approved by the Compensation Committee.
- F2The number is calculated as a function of base pay, a long-term incentive (LTI) percentage and the fair value of the option. The Binomial Lattice option valuation model will be used to estimate the fair value of the option. This model requires the input of certain assumptions, including risk-free interest rate, volatility, dividend yield, and expected life. The formula for determining the number of options granted is: number of options = (base pay x LTI%) / option fair value.
- F3Exercisable in four equal installments commencing 2/24/2016.