SEC Form 4 · accession 0001209191-16-100258
NETSUITE INC · N
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas P. Solomon
Officer — SVP, General Counsel & Sec
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 8:26 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 | Feb 16, 2016 | A | 3,810 | $0.00 | A | 36,850 | D | |
| Common StockF3 | Feb 16, 2016 | S | 1,700 | $52.2488 | D | 35,150 | D | |
| Common StockF4 | Feb 16, 2016 | S | 1,763 | $53.3802 | D | 33,387 | D | |
| Common StockF5 | Feb 16, 2016 | S | 1,203 | $53.9989 | D | 32,184 | 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 9, 2015. One-third of the shares vested on February 15, 2016, with the remaining two-thirds of the shares vesting in two equal annual installments beginning on February 15, 2017.
- F2This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 4, 2015.
- F3Represents the weighted average sale price of the shares sold ranging from $51.77 to $52.75 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F4Represents the weighted average sale price of the shares sold ranging from $52.78 to $53.74 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F5Represents the weighted average sale price of the shares sold ranging from $53.80 to $54.32 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.