NATIONAL SEMICONDUCTOR CORP 4

4 · NATIONAL SEMICONDUCTOR CORP · Filed Nov 18, 2009

Form 4

Period: 2009-11-16

Senior Vice President, WMS

Transactions

Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-11-16−50,000→ 0 total
Exercise: $28.83Exp: 2013-07-17→ Common Stock (50,000 underlying)
Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-11-16−20,000→ 0 total
Exercise: $24.52From: 2006-07-19Exp: 2011-07-19→ Common Stock (20,000 underlying)
Award
Restricted Stock Units
2009-11-16+2,000→ 2,000 total
→ Common Stock (2,000 underlying)
Award
Restricted Stock Units
2009-11-16+5,000→ 7,000 total
→ Common Stock (5,000 underlying)

Footnotes (7)

[F1]The stock option becomes exercisable 25% on the first anniversary of the date of grant, and then 1/48th per month for the following 36 months.
[F2]On November 16, 2009, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to the reporting person on July 19, 2005. In exchange for the option, the reporting person received 2,000 restricted stock units.
[F3]On November 16, 2009, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to the reporting person on July 17, 2007. In exchange for the option, the reporting person received 5,000 restricted stock units.
[F4]Each restricted stock unit represents a contingent right to receive one share of National Semiconductor's common stock.
[F5]Upon surrender of the option, the reporting person received 2,000 restricted stock units subject to a three-year vesting schedule, vesting 33.33% on November 16, 2010 and 33.33% each year thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
[F6]Not Applicable.
[F7]Upon surrender of the option, the reporting person received 5,000 restricted stock units subject to a four-year vesting schedule, vesting 25% on November 16, 2010 and 25% each year thereafter. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.

Documents

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