0000072333-21-000044.txt : 20210305 0000072333-21-000044.hdr.sgml : 20210305 20210305212920 ACCESSION NUMBER: 0000072333-21-000044 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210304 FILED AS OF DATE: 20210305 DATE AS OF CHANGE: 20210305 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mesrobian Edmond CENTRAL INDEX KEY: 0001639494 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15059 FILM NUMBER: 21720433 MAIL ADDRESS: STREET 1: 10 S ALMADEN BLVD STREET 2: 16TH FLOOR CITY: SAN JOSE STATE: CA ZIP: 95113 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: 0130 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_161499774264802.xml FORM 4 X0306 4 2021-03-04 0 0000072333 NORDSTROM INC JWN 0001639494 Mesrobian Edmond C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101 0 1 0 0 Chief Technology Officer Common Stock 2021-03-04 4 A 0 42336 0 A 147914 D Employee Stock Option (right to buy) 35.52 2021-03-04 4 A 0 0 0 A 2024-03-10 2031-03-04 Common Stock 0.0 0 D Restricted Stock Unit vesting in four equal annual installments commencing on March 10, 2022. The number of RSUs awarded is a function of base pay, a RSU 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 RSU LTI%) / RSU fair value. Granted under the issuer's 2019 Equity Incentive Plan, exercisable 50% on March 10, 2024 and 50% on March 10, 2025. 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, expected dividend yield, and expected life. The formula for determining the number of options granted is: (base pay x Option LTI%)/option fair value. This Form 4 will be amended to report the number of options granted when that number has been calculated. Brian B. DeFoe, Attorney-in-fact for Edmond Mesrobian 2021-03-05