YEGNASHANKARAN VISVAMOHAN 4
4 · NATIONAL SEMICONDUCTOR CORP · Filed Nov 18, 2010
Insider Transaction Report
Form 4
YEGNASHANKARAN VISVAMOHAN
Sr VP, WW Tech Dev
Transactions
- Tax Payment
Common Stock
2010-11-16$13.28/sh−183$2,430→ 13,392.766 total - Exercise/Conversion
Common Stock
2010-11-16+500→ 13,575.766 total - Exercise/Conversion
Restricted Stock Units
2010-11-16−500→ 1,500 total→ Common Stock (500 underlying)
Holdings
- 6,402.02(indirect: By Trust)
Common Stock
- 18,657.379(indirect: By Trust)
Common Stock
- 66,924.762(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]Shares acquired in exchange for vested restricted stock units pursuant to the 2009 Incentive Award Plan.
- [F2]The nature of the indirect beneficial ownership of the shares shown in lines 2 and 3 in item 4 on Table 1 consists of shares acquired and held for Mr. Yegnashankaran's account by the Company's Retirement and Savings Program, a tax qualified defined contribution plan. As of October 1, 2008, based on unitized valuations provided by the Plan Trustee, a total of 70,207.456 shares were held for Mr. Yegnashankaran's plan accounts in the Program and were fully vested. Shares acquired under the Program are exempt under Rule 16b-3(c). Share amounts will vary based on unitized values provided by the Plan Trustee.
- [F3]The nature of the indirect beneficial ownership of the shares shown in line 4 in item 4 on Table 1 consists of shares held for Mr. Yegnashankaran's account by the rabbi trust utilized by the Company's Deferred Compensation Plan, a non tax qualified defined contribution plan. Shares acquired under the Plan are exempt under Rule 16b-3(d).
- [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 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.
- [F6]Not Applicable.