BENZING JEFFREY 4
4 · NOVELLUS SYSTEMS INC · Filed Jun 16, 2010
Insider Transaction Report
Form 4
BENZING JEFFREY
EVP/Chief Administrative Off.
Transactions
- Tax Payment
Common Stock
2010-06-14$26.99/sh−138$3,725→ 5,145 total - Exercise/Conversion
Restricted Stock Unit
2010-06-14−375→ 6,750 totalExercise: $0.00From: 2010-06-14→ Common Stock (375 underlying) - Exercise/Conversion
Common Stock
2010-06-14+375→ 5,283 total
Holdings
- 2,397(indirect: By 401(k))
Common Stock
- 1,350(indirect: By Spouse)
Common Stock
Footnotes (5)
- [F1]Represents derivative securities that were converted to common stock through the vesting of a restricted stock unit.
- [F2]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.
- [F3]The indirect holdings by Mrs. Benzing include 1,350 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.
- [F4]The grant vests at a rate of 1/48th per month beginning December 14, 2007 while in the role of Executive Vice President and Chief Administrative Officer. Shares that do not vest during this period will be forfeited.
- [F5]Each restricted stock unit represents a contingent right to receive one share of NVLS common stock.