Edgar Filing: NETSUITE INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Gill Ronald S

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2010

3. Issuer Name and Ticker or Trading Symbol
NETSUITE INC [N]

(Last)

(First)

(Middle)

C/O NETSUITE INC.,Â 2955 CAMPUS DRIVE, SUITE 100

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chief Financial Officer

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

SAN MATEO,Â CAÂ 94403

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

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	88,605 ⁽¹⁾ ⁽²⁾	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	Â ⁽³⁾	08/15/2019	Common Stock	25,000	$ 13.35	D	Â
Employee Stock Option (right to buy)	Â ⁽⁴⁾	03/03/2020	Common Stock	25,000	$ 12.4	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Gill Ronald S C/O NETSUITE INC. 2955 CAMPUS DRIVE, SUITE 100 SAN MATEO,Â CAÂ 94403	Â	Â	Â Chief Financial Officer	Â

Signatures

Douglas P. Solomon, by power of attorney		07/01/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes 65,520 shares represented by restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of NetSuite Inc. common stock. The RSUs vest as follows: (i) 8,437 RSUs vest in nine equal quarterly installments beginning on August 15, 2010; (ii) 20,312 RSUs vest in thirteen equal quarterly installments beginning on August 15, 2010; (iii) 8,334 RSUs vest in five equal quarterly installments beginning on August 20, 2010; (iv) 5,000 RSUs vest in eight equal quarterly installments beginning on August 20, 2010; and (v) 23,437 RSUs vest in fifteen equal quarterly installments beginning on September 3, 2010.
(2)	Includes 12,251 shares represented by performance stock units ("PSUs"). Each PSU represents the contingent right to receive one share of NetSuite common stock. The PSUs vest in two equal annual installments beginning on February 15, 2011.
(3)	The option vests in forty-eight equal monthly installments beginning on September 15, 2009.
(4)	The option vests in forty-eight equal monthly installments beginning on April 3, 2010.

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