0000072333-19-000079.txt : 20190328 0000072333-19-000079.hdr.sgml : 20190328 20190328161410 ACCESSION NUMBER: 0000072333-19-000079 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190305 FILED AS OF DATE: 20190328 DATE AS OF CHANGE: 20190328 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Deputy Christine CENTRAL INDEX KEY: 0001522674 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-15059 FILM NUMBER: 19712101 MAIL ADDRESS: STREET 1: 130 ROYALL STREET CITY: CANTON STATE: MA ZIP: 02021 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/A 1 wf-form4a_155380403493056.xml FORM 4/A X0306 4/A 2019-03-05 2019-03-08 0 0000072333 NORDSTROM INC JWN 0001522674 Deputy Christine C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101 0 1 0 0 Chief Human Resource Officer Common Stock 2019-03-05 4 A 0 8470 45.33 A 100465 D Performance Share Units 2019-03-05 4 A 0 12437 0 A 2022-03-05 2022-01-29 Common Stock 12437.0 12437 D Employee Stock Option (right to buy) 45.33 2019-03-05 4 A 0 69947 45.33 A 2029-03-05 Common Stock 69947.0 69947 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. 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. This Form 4 is being amended to report the number of options granted, calculated pursuant to a formula approved by the Compensation Committee. The number was unknown at the time of original filing. 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. Eunice Chung, Attorney-in-Fact for Christine Deputy 2019-03-28