Alexander M. Davern - 11 Oct 2023 Form 4 Insider Report for NATIONAL INSTRUMENTS CORP

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 11 Oct 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 Oct 2023, 19:24:10 UTC
Prior SEC filing: 01 Aug 2023
Next SEC filing: 09 Nov 2023
Source filing: View source filing
Reporting owner signature: /s/ Deborah Donahue as attorney-in-fact for Alexander M. Davern

Key filing fact

Alexander M. Davern filed Form 4 for NATIONAL INSTRUMENTS CORP on 11 Oct 2023.

Key facts

This page summarizes Alexander M. Davern's Form 4 filing for NATIONAL INSTRUMENTS CORP.
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 11 Oct 2023, 19:24.

Change

Previous filing in this sequence was filed on 01 Aug 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NATI transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -184,813
Change %: -98%
Price
Shares after: 3,719
Date: 11 Oct 2023
Ownership: Direct
Footnotes: F1

NATI transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -3,719
Change %: -100%
Price
Shares after: 0
Date: 11 Oct 2023
Ownership: Direct
Footnotes: F2

NATI transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -90,000
Change %: -100%
Price
Shares after: 0
Date: 11 Oct 2023
Ownership: Davern 2021 Irrevocable Trust
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Alexander M. Davern is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Represents shares of common stock of National Instruments Corporation ("NI") disposed of pursuant to the Agreement and Plan of Merger, dated April 12, 2023, by and among NI, Emerson Electric Co. and Emersub CXIV, Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the merger contemplated thereby (the "Effective Time"), each share of NI common stock held by the reporting person was converted automatically into the right to receive $60.00 per share in cash (the "Merger Consideration").

Footnote F2

Pursuant to the Merger Agreement, at the Effective Time, each award of NI restricted stock units held by the reporting person was canceled in exchange for the Merger Consideration in respect of each share of NI common stock subject to such restricted stock unit award as of immediately prior to the Effective Time.