0000072333-16-000227.txt : 20160302 0000072333-16-000227.hdr.sgml : 20160302 20160302194305 ACCESSION NUMBER: 0000072333-16-000227 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160229 FILED AS OF DATE: 20160302 DATE AS OF CHANGE: 20160302 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: Dennehy Brian CENTRAL INDEX KEY: 0001526391 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15059 FILM NUMBER: 161479127 MAIL ADDRESS: STREET 1: 3005 TASMAN DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2016-02-29 0000072333 NORDSTROM INC JWN 0001526391 Dennehy Brian C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101 0 1 0 0 Executive Vice President Common Stock 2016-02-29 4 A 0 0 0 A 12654 D Common Stock 126.866 I By 401(k) Plan, per Plan statement dated 2/29/2016. Employee Stock Option 51.32 2016-02-29 4 A 0 0 0 A 2026-02-28 Common Stock 0 0 D Performance Rights 2016-02-29 4 A 0 5480 0 A 2019-02-02 2019-02-02 Common Stock 5480 5480 D Restricted Stock Award vesting in four equal annual installments commencing 2/28/2017. 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. 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 2/28/2017. Each Performance Right represents a contingent right to receive one share of the Company's common stock. The number of Performance Rights that may be earned is based upon the Company's total shareholder return compared to the total shareholder return of companies in the Standard & Poor's 500 as composed on the first day of the performance cycle during the same period. Paula McGee, Attorney-in-Fact for Brian K. Dennehy 2016-03-02