BENZING JEFFREY 4
4 · NOVELLUS SYSTEMS INC · Filed Mar 16, 2010
Insider Transaction Report
Form 4
BENZING JEFFREY
EVP/Chief Administrative Off.
Transactions
- Exercise/Conversion
Restricted Stock Unit
2010-03-15−375→ 7,875 totalExercise: $0.00From: 2010-03-15→ Common Stock (375 underlying) - Tax Payment
Common Stock
2010-03-15$22.87/sh−161$3,682→ 4,434 total - Exercise/Conversion
Common Stock
2010-03-15+375→ 4,595 total
Holdings
- 2,396(indirect: By 401(k))
Common Stock
- 12,284(indirect: By Spouse)
Common Stock
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.