Filing Details

Accession Number:
0001181431-10-062089
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-15 20:54:08
Reporting Period:
2010-12-13
Filing Date:
2010-12-15
Accepted Time:
2010-12-15 20:54:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
836106 Novellus Systems Inc NVLS Special Industry Machinery, Nec (3559) 770024666
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1417778 John Hertz 4000 North First Street
San Jose CA 95134
Vp And Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2010-12-13 2,500 $26.15 7,500 No 4 M Direct
Common Stock Disposition 2010-12-13 2,500 $33.11 5,000 No 4 S Direct
Common Stock Acquisiton 2010-12-13 625 $0.00 5,625 No 4 M Direct
Common Stock Disposition 2010-12-13 222 $32.73 5,403 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non Qualified Stock Option (Right to Buy) Disposition 2010-12-13 2,500 $0.00 2,500 $26.15
Common Stock Restricted Stock Unit Disposition 2010-12-13 625 $0.00 625 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
2,500 2017-12-13 No 4 M Direct
3,125 No 4 M Direct
Footnotes
  1. Amount reported includes shares subject to unvested Restricted Stock Awards.
  2. Securities were sold pursuant to a 10b5-1 Plan.
  3. The grant vests in four annual equal installments beginning December 13, 2008.
  4. Each restricted stock unit represents a contingent right to receive one share of NVLS common stock.
  5. Subject to the reporting person's continued employment, fifty percent (50%) of the shares will vest in four annual equal installments beginning December 13, 2008. The remaining fifty percent (50%) of the shares will vest upon achievement of specific revenue targets by March 31, 2011. If the performance conditions are not met by the target date, shares will be forfeited.