Initial Statement of Beneficial Ownership (3)
January 29 2021 - 12:58PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Favre Ritu |
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/20/2021
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3. Issuer Name and Ticker or Trading Symbol
NATIONAL INSTRUMENTS CORP [NATI]
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(Last)
(First)
(Middle)
C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
Executive Vice President / |
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(Street)
AUSTIN, TX 78759
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4) | 2. Amount of Securities Beneficially Owned
(Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) | 4. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Common Stock | 41546 | D | |
| Common Stock | 1911 | I | By Ritu Favre Survivor's Trust |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4) | 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) | 6. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Performance-Based Restricted Stock Units | (1) | 5/1/2036 | Common Stock | 14029 | (1) | D | |
| Explanation of Responses: |
| (1) | The number of performance-based restricted stock units ("PRSUs") reported in Table II represents the target number of PRSUs that were granted to the reporting person pursuant to the Issuer's 2020 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, 2023. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Favre Ritu
C/O NATIONAL INSTRUMENTS CORPORATION
11500 NORTH MOPAC
AUSTIN, TX 78759 |
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| Executive Vice President |
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Signatures
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| Deborah Donahue as attorney-in-fact for Ritu Favre | | 1/29/2021 |
| **Signature of Reporting Person | Date |
National Instruments (NASDAQ:NATI)
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