SEC Form 4 · accession 0000072333-16-000408
NORDSTROM INC · JWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael G Koppel
Officer — Executive Vice President
Period of report
Dec 13, 2016
Accepted (ET)
Dec 15, 2016 · 4:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000072333
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 13, 2016 | M | 87,257 | $12.58 | A | 164,275 | D | |
| Common StockF1,F3 | Dec 13, 2016 | S | 87,257 | $58.3418 | D | 77,018 | D | |
| Common Stock | holding | — | — | — | 6,972 | I | By 401 (k) Plan, per Plan statement dated 11/30/2016. |
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,F4 | $12.58 | Dec 13, 2016 | M | 87,257 | D | — | Feb 27, 2019 | Common Stock | 87,257 | 0 | D |
| Stock UnitsF6,F5,F7 | — | Dec 13, 2016 | A | 183 | A | — | — | Common Stock | 183 | 7,996 | D |
Explanation of responses
- F1The option exercise and sales reported herein are pursuant to a 10b5-1 Trading Plan entered into on 11/29/2016.
- F2This option was previously reported as an option grant for 81,482 shares of common stock at an exercise price of $13.47 per share. The number of options and the exercise price were subsequently adjusted, pursuant to the terms of the 2004 Equity Incentive Plan, to reflect the effect of a proportional adjustment made in relation to a special dividend declared on October 1, 2015.
- F3The price reported represents the weighted average price. These shares were sold in multiple transactions at price ranging from $58.00 to $58.77, inclusive. The reporting person undertakes to provide to Nordstrom, Inc., any security holder of Nordstrom, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4Exercisable in four equal annual installments commencing 2/27/2010.
- F51 for 1
- F6Stock unit dividend paid on share units that were deferred at the election of the reporting person under the Directors Deferred Compensation Plan.
- F7The stock units are convertible into issuer's common stock and payable upon the occurrence of certain events, including the reporting person's retirement from the issuer's Board of Directors.