SEC Form 4 · accession 0000072333-18-000031
NORDSTROM INC · JWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott A Meden
Officer — Chief Marketing Officer
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 5:37 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 | Mar 6, 2018 | A | 14,135 | $0.00 | A | 51,817 | D | |
| Common StockF2 | holding | — | — | — | 7,300 | I | See | |
| Common Stock | holding | — | — | — | 4,734 | I | By 401(k) Plan, per Plan statement, dated 2/28/2018. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Award vesting in four equal annual installments commencing 3/10/2019. The number of RSUs awarded is a function of base pay, a long-term incentive (LTI) percentage and the fair value of an RSU. The fair value of an RSU is calculated as the stock price as of the effective date less the present value of Company stock dividends over the vesting period. This calculation requires the input of certain assumptions, including the risk-free interest rate and the expected Company stock dividends. The formula for determining the number of RSUs granted is: number of RSUs = (base pay x LTI%) / RSU fair value.
- F2Held in a trust for which reporting person is trustee and beneficiary.