Home > Insider Trading > Filing (0000070530-11-000016)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
70530	National Semiconductor Corp	NSM	Semiconductors & Related Devices (3674)	952095071

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1264706	Visvamohan Yegnashankaran	Stock Administration, Mail Stop G1-1160 2900 Semiconductor Dr. Santa Clara CA 95051	Senior Vice President	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	2011-05-03	50,000	$19.74	63,393	No	4	M	Direct
Common Stock	Disposition	2011-05-03	50,000	$24.14	13,393	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	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	2011-05-03	50,000	$0.00	50,000	$19.74

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2011-05-09	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	6,402	Indirect	by Trust1
Common Stock	66,925	Indirect	by Trust2
Common Stock	18,657	Indirect	by Trust3

Footnotes

The nature of the indirect beneficial ownership of the shares shown in lines 2 and 3 in item 4 on Table 1 consists of shares acquired and held for Mr. Yegnashankaran's account by the Company's Retirement and Savings Program, a tax qualified defined contribution plan. As of October 1, 2008, based on unitized valuations provided by the Plan Trustee, a total of 70,207.456 shares were held for Mr. Yegnashankaran's plan accounts in the Program and were fully vested. Shares acquired under the Program are exempt under Rule 16b-3(c). Share amounts will vary based on unitized values provided by the Plan Trustee.
The nature of the indirect beneficial ownership of the shares shown in line 4 in item 4 on Table 1 consists of shares held for Mr. Yegnashankaran's account by the rabbi trust utilized by the Company's Deferred Compensation Plan, a non tax qualified defined contribution plan. Shares acquired under the Plan are exempt under Rule 16b-3(d).
The stock option becomes exercisable 25% on the first anniversary of the date of grant, and then 1/48th per month for the following 36 months.