SEC Form 4 · accession 0001140361-18-021372
NATIONAL INSTRUMENTS CORP · NATI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander M Davern
Officer — President & CEO · Director
Period of report
May 1, 2018
Accepted (ET)
May 2, 2018 · 8:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000935494
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 1, 2018 | M | 89 | $34.7565 | A | 148,102 | D | |
| Common StockF2 | May 1, 2018 | M | 29,586 | — | A | 177,688 | D | |
| Common Stock | May 1, 2018 | F | 9,677 | $40.0676 | D | 168,011 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | May 1, 2018 | M | 2,431 | D | — | May 1, 2024 | Common Stock | 2,431 | 0 | D |
| Restricted Stock UnitsF2,F3 | — | May 1, 2018 | M | 2,767 | D | — | May 1, 2025 | Common Stock | 2,767 | 5,528 | D |
| Restricted Stock UnitsF2,F3 | — | May 1, 2018 | M | 2,767 | D | — | May 1, 2027 | Common Stock | 2,767 | 8,963 | D |
| Restricted Stock UnitsF2,F3 | — | May 1, 2018 | M | 1,660 | D | — | May 1, 2028 | Common Stock | 1,660 | 7,116 | D |
| Restricted Stock UnitsF2,F3 | — | May 1, 2018 | M | 1,660 | D | — | May 1, 2029 | Common Stock | 1,660 | 8,649 | D |
| Restricted Stock UnitsF2,F3 | — | May 1, 2018 | M | 2,767 | D | — | May 1, 2030 | Common Stock | 2,767 | 17,233 | D |
| Restricted Stock UnitsF2,F3 | — | May 1, 2018 | M | 3,034 | D | — | May 1, 2031 | Common Stock | 3,034 | 19,466 | D |
| Restricted Stock UnitsF2,F4 | — | May 1, 2018 | M | 12,500 | D | — | May 1, 2032 | Common Stock | 12,500 | 37,500 | D |
Explanation of responses
- F1Acquisition of stock under Issuer's employee stock purchase plan.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F3The restricted stock units vest and become exercisable based on time and performance milestones set by the Issuer.
- F4The restricted stock units vest in four equal annual installments on the anniversary of the vesting commencement date of May 1, 2017.