Eric H. Starkloff - Jan 30, 2023 Form 4 Insider Report for NATIONAL INSTRUMENTS CORP (NATI)

Signature
Deborah Donahue as attorney-in-fact for Eric H. Starkloff
Stock symbol
NATI
Transactions as of
Jan 30, 2023
Transactions value $
$0
Form type
4
Date filed
2/1/2023, 02:14 PM
Previous filing
Jan 18, 2023
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NATI Common Stock Award $0 +66.8K +23.65% $0.00 349K Jan 30, 2023 Direct F1
transaction NATI Common Stock Award $0 +22.7K +6.49% $0.00 372K Jan 30, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NATI Performance-Based Restricted Stock Units Disposed to Issuer $0 -75K -100% $0.00* 0 Jan 30, 2023 Common Stock 75K Direct F3
transaction NATI Performance-Based Restricted Stock Units Disposed to Issuer $0 -25.5K -100% $0.00* 0 Jan 30, 2023 Common Stock 25.5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of Common Stock vested pursuant to the performance-based restricted stock unit ("PRSU") award that was granted on February 1, 2020 and reported voluntarily on the Form 4 filed with the Securities and Exchange Commission on February 4, 2020, based upon the determination that 89% of the PRSU vested given that the issuer's total shareholder return ranked at the 48.54 percentile as compared to the Russell 2000 Index over the performance period. 8,250 PRSUs not eligible for vesting at the end of the performance period were canceled.
F2 Represents the number of shares of Common Stock vested pursuant to the performance-based restricted stock unit ("PRSU") award that was granted on April 29, 2020 and reported voluntarily on the Form 4 filed with the Securities and Exchange Commission on May 1, 2020, based upon the determination that 89% of the PRSU vested given that the issuer's total shareholder return ranked at the 48.54 percentile as compared to the Russell 2000 Index over the performance period. 2,802 PRSUs not eligible for vesting at the end of the performance period were canceled.
F3 The number of PRSUs reported in Table II represents the target number of PRSUs that were granted to the reporting person pursuant to the Issuer's 2015 Equity Incentive Plan. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of the Issuer's common stock that the reporting person is ultimately entitled to receive at the time of vesting ranges from 0% to 200% of the target number of PRSUs granted, subject to how the Issuer's total shareholder return ranks in comparison to companies that comprise the Russell 2000 Index over a performance period consisting of the three years ended December 31, 2022.