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4//SEC Filing

BENZING JEFFREY 4

Accession 0001181431-10-016802

CIK 0000836106other

Filed

Mar 15, 8:00 PM ET

Accepted

Mar 16, 7:04 PM ET

Size

10.7 KB

Accession

0001181431-10-016802

Insider Transaction Report

Form 4
Period: 2010-03-15
BENZING JEFFREY
EVP/Chief Administrative Off.
Transactions
  • Exercise/Conversion

    Restricted Stock Unit

    2010-03-153757,875 total
    Exercise: $0.00From: 2010-03-15Common Stock (375 underlying)
  • Tax Payment

    Common Stock

    2010-03-15$22.87/sh161$3,6824,434 total
  • Exercise/Conversion

    Common Stock

    2010-03-15+3754,595 total
Holdings
  • Common Stock

    (indirect: By 401(k))
    2,396
  • Common Stock

    (indirect: By Spouse)
    12,284
Footnotes (6)
  • [F1]Represents derivative securities that were converted to common stock through the vesting of a restricted stock unit.
  • [F2]Amount reported includes shares subject to unvested Restricted Stock Awards.
  • [F3]The indirect holdings in the 401(k) are held in the Company unitized stock fund. The balance is reported as of the last business day.
  • [F4]The indirect holdings by Mrs. Benzing include 1,349 estimated shares held in the Company 401K unitized stock fund. This balance is reported as of the last business day. The remaining shares are held in common stock and unvested restricted stock awards.
  • [F5]The grant vests at a rate of 1/48th per month beginning January 14, 2008 while in the role of Executive Vice President and Chief Administrative Officer. Shares that do not vest during this period will be forfeited.
  • [F6]Each restricted stock unit represents a contingent right to receive one share of NVLS common stock.

Issuer

NOVELLUS SYSTEMS INC

CIK 0000836106

Entity typeother

Related Parties

1
  • filerCIK 0001185721

Filing Metadata

Form type
4
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 7:04 PM ET
Size
10.7 KB