Sec Form 4 Filing - Soffe Loretta @ NORDSTROM INC - 2012-02-22

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Soffe Loretta
2. Issuer Name and Ticker or Trading Symbol
NORDSTROM INC [ JWN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last) (First) (Middle)
C/O NORDSTROM, INC., 1617 SIXTH AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
02/22/2012
(Street)
SEATTLE, WA98101
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/23/2012 M 6,988 A $ 26.01 9,545 D
Common Stock 02/23/2012 M 12,219 A $ 40.27 21,764 D
Common Stock 02/23/2012 M 10,272 A $ 38.02 32,036 D
Common Stock 02/23/2012 M 15,660 A $ 13.47 47,696 D
Common Stock 02/23/2012 M 3,857 A $ 36.94 51,553 D
Common Stock 02/23/2012 S 9,700 D $ 52.555 41,853 D
Common Stock 02/23/2012 S 9,800 D $ 52.56 32,053 D
Common Stock 02/23/2012 S 300 D $ 52.563 31,753 D
Common Stock 02/23/2012 S 200 D $ 52.57 31,553 D
Common Stock 02/23/2012 S 20,000 D $ 52.6 11,553 D
Common Stock 02/23/2012 S 400 D $ 53.24 11,153 D
Common Stock 02/23/2012 S 8,000 D $ 53.245 3,153 D
Common Stock 02/23/2012 S 600 D $ 53.25 2,553 D
Common Stock 02/23/2012 S 400 D $ 53.26 2,153 D
Common Stock 02/23/2012 S 100 D $ 53.2608 2,053 D
Common Stock 02/23/2012 S 800 D $ 53.265 1,253 D
Common Stock 02/23/2012 S 200 D $ 53.27 1,053 D
Common Stock 02/23/2012 S 100 D $ 53.275 953 D
Common Stock 02/23/2012 S 588 D $ 53.285 365 D
Common Stock 2,158.41 I By the 401(k) Plan, per Plan statement dated 1/31/2012
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Employee Stock Option (right to buy) $ 52.63 02/22/2012 A 0 ( 1 ) ( 2 ) 02/22/2022 Common Stock 0 ( 1 ) $ 0 0 ( 1 ) D
Employee Stock Option (right to buy) $ 26.01 02/23/2012 M 6,988 ( 3 ) 02/23/2015 Common Stock 6,988 $ 0 0 D
Employee Stock Option (right to buy) $ 40.27 02/23/2012 M 12,219 ( 4 ) 02/22/2016 Common Stock 12,219 $ 0 0 D
Employee Stock Option (right to buy) $ 38.02 02/23/2012 M 10,272 ( 5 ) 02/28/2018 Common Stock 10,272 $ 0 3,423 D
Employee Stock Option (right to buy) $ 13.47 02/23/2012 M 15,660 ( 6 ) 02/27/2019 Common Stock 15,660 $ 0 15,660 D
Employee Stock Option (right to buy) $ 36.94 02/23/2012 M 3,857 ( 7 ) 02/26/2020 Common Stock 3,857 $ 0 11,571 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Soffe Loretta
C/O NORDSTROM, INC.
1617 SIXTH AVENUE
SEATTLE, WA98101
Executive Vice President
Signatures
/s/ Paula McGee, Attorney-in-Fact for Loretta Soffe 02/24/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )Granted under the issuer's 2010 Equity Incentive Plan, exercisable in four equal annual installments commencing on 2/22/2013.
( 3 )Exercisable in four equal annual installments commencing on 2/23/2006.
( 4 )Exercisable in four equal annual installments commencing on 2/22/2007.
( 5 )Exercisable in four equal annual installments commencing on 2/28/2009.
( 6 )Exercisable in four equal annual installments commencing on 2/27/2010.
( 7 )Exercisable in four equal annual installments commencing on 2/26/2011.

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