SEC Form 4 · accession 0001209191-15-015697
NETSUITE INC · N
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Zachary Nelson
Officer — President & CEO · Director
Period of report
Feb 15, 2015
Accepted (ET)
Feb 18, 2015 · 8:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001117106
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 15, 2015 | A | 45,242 | $0.00 | A | 1,042,210 | D | |
| Common StockF2,F3 | Feb 15, 2015 | A | 71,750 | $0.00 | A | 1,113,960 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares awarded pursuant to performance share units. The Compensation Committee authorized the issuance of the underlying shares based upon the Company's achievement level against certain financial targets as determined by the Compensation Committee. The financial targets were set by the Compensation Committee on March 17, 2014. One-third of the shares vested on February 15, 2015, with the remaining two-thirds of the shares vesting in two equal annual installments beginning on February 15, 2016.
- F2Gross number of shares awarded pursuant to performance share units. The actual number of shares to be issued will be less the number of shares withheld to cover the tax obligation, which is currently being calculated. When completed, the Reporting Person will file a Form 4/A to disclose the net amount of issued shares.
- F3Shares awarded pursuant to performance share units. The Compensation Committee authorized the issuance of the underlying shares based upon the Company's achievement level against certain financial targets as determined by the Compensation Committee. The financial targets were set by the Compensation Committee on March 29, 2012. One-third of the shares vested on February 15, 2015, with the remaining two-thirds of the shares vesting in two equal annual installments beginning on February 15, 2016.