0000072333-19-000034.txt : 20190307
0000072333-19-000034.hdr.sgml : 20190307
20190307211047
ACCESSION NUMBER: 0000072333-19-000034
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190305
FILED AS OF DATE: 20190307
DATE AS OF CHANGE: 20190307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BRAMMAN ANNE L
CENTRAL INDEX KEY: 0001637584
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15059
FILM NUMBER: 19667414
MAIL ADDRESS:
STREET 1: 207 GOODE AVENUE
CITY: GLENDALE
STATE: CA
ZIP: 91203
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: 0201
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
4
1
wf-form4_155201103195125.xml
FORM 4
X0306
4
2019-03-05
0
0000072333
NORDSTROM INC
JWN
0001637584
BRAMMAN ANNE L
C/O NORDSTROM, INC.
1617 SIXTH AVENUE
SEATTLE
WA
98101
0
1
0
0
Chief Financial Officer
Common Stock
2019-03-05
4
A
0
14961
45.33
A
106089
D
Employee Stock Option (right to buy)
45.33
2019-03-05
4
A
0
0
45.33
A
2029-03-05
Common Stock
0.0
0
D
Performance Share Units
2019-03-05
4
A
0
21970
0
A
2022-03-05
2022-01-29
Common Stock
21970.0
21970
D
Restricted Stock Unit vesting in four equal annual installments commencing on 3/10/2020. 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.
The number of options granted is not known at this time. The number is calculated as a function 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 over four years, with 50% vesting on each of March 10, 2022 and March 10, 2023
Each Performance Share Unit (PSU) represents a contingent right to receive one share of the Company's common stock. The percentage of PSUs granted that will actually be earned at the end of the three-year period is based upon the Company's free cash flow growth, earnings before interest and tax (EBIT) margin percent, and market share results over that same period.
Kaj Trapp, Attorney-in-Fact for Anne L. Bramman
2019-03-06