Statement of Changes in Beneficial Ownership (4)
August 20 2020 - 6:12PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Maher Michael W |
2. Issuer Name and Ticker or Trading Symbol
NORDSTROM INC
[
JWN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Accounting Officer |
(Last)
(First)
(Middle)
C/O NORDSTROM, INC., 1617 SIXTH AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/18/2020 |
(Street)
SEATTLE, WA 98101
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock (1) | 8/18/2020 | | A | | 0 (2) | A | $0 (3) | 32700 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance Share Units | (4) | 8/18/2020 | | D | | | 3081 | 3/10/2023 | 3/10/2023 | Common Stock | 3081.0 | $0 | 0 | D | |
Explanation of Responses: |
(1) | Restricted Stock Units (RSUs) granted under the issuer's 2019 Equity Incentive Plan. |
(2) | RSUs vesting in four equal installments on March 10, 2021, March 10, 2022, March 10, 2023 and March 10, 2024. The number of RSUs awarded is not known at this time. The number is calculated as a function of certain assumptions, including expected dividend and yield rate. The formula for determining the number of RSUs granted is: number of RSUs = target award value/RSU fair value. This Form 4 will be amended to report the number of RSUs granted when that number has been calculated. |
(3) | The grant price will be equal to the closing price of the issuer's common stock on August 27, 2020. |
(4) | Represents Performance Share Units originally granted on March 9, 2020 and canceled by the issuer without payment on August 18, 2020. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Maher Michael W C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE, WA 98101 |
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| Chief Accounting Officer |
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Signatures
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Brian B. DeFoe, Attorney-in-Fact for Michael W. Maher | | 8/20/2020 |
**Signature of Reporting Person | Date |
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