0000072333-17-000010.txt : 20170228 0000072333-17-000010.hdr.sgml : 20170228 20170228181533 ACCESSION NUMBER: 0000072333-17-000010 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170227 FILED AS OF DATE: 20170228 DATE AS OF CHANGE: 20170228 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NORDSTROM INC CENTRAL INDEX KEY: 0000072333 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 910515058 STATE OF INCORPORATION: WA FISCAL YEAR END: 0128 BUSINESS ADDRESS: STREET 1: 1617 SIXTH AVENUE CITY: SEATTLE STATE: WA ZIP: 98101-4407 BUSINESS PHONE: 2066282111 MAIL ADDRESS: STREET 1: 1617 SIXTH AVENUE CITY: SEATTLE STATE: WA ZIP: 98101 FORMER COMPANY: FORMER CONFORMED NAME: NORDSTROM BEST INC DATE OF NAME CHANGE: 19730611 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NORDSTROM BLAKE W CENTRAL INDEX KEY: 0001183468 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15059 FILM NUMBER: 17650018 MAIL ADDRESS: STREET 1: C/O NORDSTROM INC STREET 2: 1617 SIXTH AVE CITY: SEATTLE STATE: WA ZIP: 98101 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2017-02-27 0000072333 NORDSTROM INC JWN 0001183468 NORDSTROM BLAKE W C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101 1 1 0 0 President Common Stock 2017-02-27 4 S 0 100 46.20 D 2115346 D Common Stock 2017-02-27 4 S 0 1458 47.5871 D 2113888 D Common Stock 2017-02-28 4 A 0 0 0 A 2113888 D Common Stock 2016-02-29 4 A 0 13190 0 A 2113888 D Common Stock 89833.307 I By 401(k) Plan, per Plan statement dated 1/31/2017. Common Stock 377626 I By wife. Common Stock 32794 I By self as trustee for benefit of child Employee Stock Option (right to buy) 46.66 2017-02-28 4 A 0 0 0 A 2027-02-28 Common Stock 0 0 D Employee Stock Option (right to buy) 51.32 2016-02-29 4 A 0 82141 0 A 2026-02-28 Common Stock 82141 82141 D The sale reported herein is pursuant to a 10b5-a Trading Plan entered into on 8/29/2016. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.30 to $47.99, inclusive. The reporting person undertakes to provide to Nordstrom, Inc., any security holder of Nordstrom, Inc., or the staff of the Securities and Exchange Comission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Restricted Stock Award vesting in four equal annual installments commencing 3/10/2018. The number of Restricted Stock Units ("RSUs") granted are not known at this time. The number of RSUs to be 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. This Form 4 will be amended to report the number of RSUs granted when the number has been calculated. Originally reported on 3/2/2016, the Restricted Stock Award is corrected to update the vesting to reflect four equal annual installments commencing on 3/10/2017. The number of options granted is not known at this time. The 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. This Form 4 will be amended to report the number of options granted when that number has been calculated. Granted under the issuer's 2010 Equity Incentive Plan, exercisable in four equal annual installments commencing on 3/10/2018. Originally reported on 3/2/2016, the option is corrected to update the vesting to reflect four equal annual installments commencing on 3/10/2017. Paula McGee, Attorney-in-Fact for Blake W. Nordstrom 2017-02-28