SEC Form 4 · accession 0001209191-16-112542
NETSUITE INC · N
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zachary Nelson
Officer — President & CEO · Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 4, 2016 · 6:14 pm EDT
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 | Apr 1, 2016 | A | 123,436 | $0.00 | A | 298,708 | D | |
| Common StockF2 | holding | — | — | — | 773,097 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $69.25 | Apr 1, 2016 | A | 88,149 | A | — | Apr 1, 2026 | Common Stock | 88,149 | 88,149 | D |
Explanation of responses
- F1The shares represent restricted stock units (RSUs) granted on April 1, 2016 under the Issuer's 2007 Equity Incentive Plan. Each unit represents a contingent right to receive one share of NetSuite Inc. common stock. The RSUs vest in sixteen equal quarterly installments after March 3, 2016.
- F2Shares held by Zachary Nelson & Elizabeth Horn TR UA 02 28 15 EZ Living Trust.
- F3The option vests in forty-eight equal monthly installments after March 3, 2016.