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Filing Details

Accession Number:: 0001181431-11-011224
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-02-17 19:35:58
Reporting Period:: 2011-02-15

Filing Date:: 2011-02-17
Accepted Time:: 2011-02-17 19:35:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1117106	Netsuite Inc	N	Services-Prepackaged Software (7372)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1494474	S Ronald Gill	C/O Netsuite Inc. 2955 Campus Drive, Suite 100 San Mateo CA 94403	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2011-02-15	39,250	$0.00	139,580	No	4	A	Direct
Common Stock	Acquisiton	2011-02-15	31,400	$0.00	170,980	No	4	A	Direct
Common Stock	Disposition	2011-02-16	13,059	$29.73	157,921	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	Direct
No	4	S	Direct

Footnotes

Shares awarded pursuant to performance share units. The Compensation Committee authorized the issuance of the underlying shares based upon the Company's achievement level against certain financial targets as determined by the Compensation Committee. The financial targets were set by the Compensation Committee on March 3, 2010. One-third of the shares vested on February 15, 2011, with the remaining two-thirds of the shares vesting in two equal annual installments beginning on February 15, 2012.
Shares awarded pursuant to performance share units in connection with Reporting Person's promotion to Chief Financial Officer. The Compensation Committee authorized the issuance of the underlying shares based upon the Company's achievement level against certain financial targets as determined by the Compensation Committee. The financial targets were set by the Compensation Committee on March 3, 2010. One-third of the shares vested on February 15, 2011, with the remaining two-thirds of the shares vesting in two equal annual installments beginning on February 15, 2012.
The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 14, 2010, and amended on December 15, 2010. The shares sold were sold to cover taxes in connection with the vesting on February 15, 2011 of restricted stock units awarded on August 15, 2008, August 15, 2009, and August 15, 2010, and performance share units awarded on August 15, 2009, March 3, 2010, and August 15, 2010.
The sale price reported in column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $29.30 to $30.05 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.