-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RPSztIEeLFe39tp5Oh2q8C9jQ77rfdsEbRd4aVGRlW1FVITugSi2eHWAYoPweY16 nnUwpevmr/qvTFhdmGYL2g== 0001104659-09-001457.txt : 20090109 0001104659-09-001457.hdr.sgml : 20090109 20090109120029 ACCESSION NUMBER: 0001104659-09-001457 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090109 DATE AS OF CHANGE: 20090109 GROUP MEMBERS: DAVID H. BATCHELDER GROUP MEMBERS: RALPH V. WHITWORTH GROUP MEMBERS: RELATIONAL FUND PARTNERS, L.P. GROUP MEMBERS: RELATIONAL COAST PARTNERS, L.P. GROUP MEMBERS: RELATIONAL INVESTORS III, L.P. GROUP MEMBERS: RELATIONAL INVESTORS IX, L.P. GROUP MEMBERS: RELATIONAL INVESTORS VIII, L.P. GROUP MEMBERS: RELATIONAL INVESTORS X, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XV, L.P. GROUP MEMBERS: RELATIONAL INVESTORS XVI, L.P. GROUP MEMBERS: RELATIONAL INVESTORS, L.P. GROUP MEMBERS: RELATIONAL PARTNERS, L.P. GROUP MEMBERS: RH FUND 1, L.P. GROUP MEMBERS: RH FUND 4, L.P. GROUP MEMBERS: RH FUND 6, L.P. GROUP MEMBERS: RH FUND 7, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL SEMICONDUCTOR CORP CENTRAL INDEX KEY: 0000070530 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 952095071 STATE OF INCORPORATION: DE FISCAL YEAR END: 0525 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12947 FILM NUMBER: 09517649 BUSINESS ADDRESS: STREET 1: 2900 SEMICONDUCTOR DR STREET 2: PO BOX 58090 CITY: SANTA CLARA STATE: CA ZIP: 95052-8090 BUSINESS PHONE: 4087215000 MAIL ADDRESS: STREET 1: 2900 SEMICONDUCTOR DR CITY: SANTA CLARA STATE: CA ZIP: 95052-8090 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RELATIONAL INVESTORS LLC CENTRAL INDEX KEY: 0001047644 IRS NUMBER: 330694767 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: 858.704.3333 MAIL ADDRESS: STREET 1: 12400 HIGH BLUFF DRIVE STREET 2: SUITE 600 CITY: SAN DIEGO STATE: CA ZIP: 92130 SC 13D/A 1 a09-2611_2sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 


Under the Securities Exchange Act of 1934
(Amendment No. 14)*

National Semiconductor Corporation

(Name of Issuer)

 

Common Stock, $.50 par value

(Title of Class of Securities)

 

637640103

(CUSIP Number)

 

Ralph V. Whitworth
Relational Investors, LLC
12400 High Bluff Drive, Suite 600
San Diego, CA 92130
(858) 704-3333

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

January 7, 2009

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.   637640103

 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
25,131,618

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
25,131,618

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
25,131,618

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
10.96%

 

 

14.

Type of Reporting Person (See Instructions)
IA/HC/OO

 

 

2



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
6,666,782

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
6,666,782

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
6,666,782

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
2.91%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

3



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Fund Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
154,372

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
154,372

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
154,372

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.07%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

4



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Coast Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
315,497

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
315,497

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
315,497

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.14%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

5



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Partners, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
192,188

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
192,188

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
192,188

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.08%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

6



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
RH Fund 1, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC/OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
2,636,409

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
2,636,409

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,636,409

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
1.15%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

7



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
RH Fund 4, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
815,918

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
815,918

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
815,918

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.36%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

8



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
RH Fund 6, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
969,651

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
969,651

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
969,651

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.42%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

9



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
RH Fund 7, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
325,903

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
325,903

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
325,903

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.14%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

10



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors III, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
74,264

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
74,264

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
74,264

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.03%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

11



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors VIII, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
5,057,190

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
5,057,190

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
5,057,190

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
2.20%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

12



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors IX, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,418,928

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
1,418,928

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,418,928

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.62%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

13



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors X, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
2,062,952

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
2,062,952

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,062,952

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.90%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

14



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XV, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
318,169

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
318,169

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
318,169

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.14%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

15



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Relational Investors XVI, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
509,335

 

8.

Shared Voting Power
-0-

 

9.

Sole Dispositive Power
509,335

 

10.

Shared Dispositive Power
-0-

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
509,335

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.22%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

 

16



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Ralph V. Whitworth

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
25,131,618

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
25,131,618

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
25,131,618

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
10.96%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

 

17



 

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
David H. Batchelder

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
NA

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
25,131,618

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
25,131,618

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
25,131,618

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
10.96%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

 

18



 

Item 1.    Security and Issuer

 

This Schedule 13D/A constitutes the fourteenth amendment to the Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on March 3, 2003 (the “Statement”) and amended by Amendments No. 1, No. 2, No. 3, No. 4, No. 5, No. 6, No. 7, No. 8, No. 9, No. 10, No. 11, No. 12 and No. 13 filed by the Reporting Persons with the Securities and Exchange Commission on June 20, 2003, July 22, 2003, January 16, 2004, June 14, 2004, December 14, 2004, January 25, 2005, June 28, 2005, August 24, 2006, May 8, 2007, July 30, 2007, April 2, 2008, June 27, 2008 and December 19, 2008 respectively (“Amendments”) with respect to shares of the common stock (the “Shares”) of National Semiconductor Corporation (the “Company”). Except as specifically amended by this Schedule 13D/A, the Statement, as amended by the Amendments, remains in full force and effect.

Item 2.    Identity and Background

This Statement is being filed by and on behalf of Relational Investors, L.P. (“RILP”), Relational Fund Partners, L.P. (“RFP”), Relational Coast Partners, L.P. (“RCP”), Relational Partners, L.P. (“RP”), RH Fund 1, L.P. (“RH1”), RH Fund 4, L.P. (“RH4”), RH Fund 6, L.P. (“RH6”), RH Fund 7, L.P. (“RH7”), Relational Investors III, L.P. (“RI III”), Relational Investors VIII, L.P. (“RI VIII”), Relational Investors IX, L.P. (“RI IX”), Relational Investors X, L.P. (“RI X”), Relational Investors XV, L.P. (“RI XV”) and Relational Investors XVI, L.P. (“RI XVI”), collectively, the “Relational LPs.”  Each of the Relational LPs is a Delaware limited partnership.  The principal business of each,  is investing in securities.

This Statement is also being filed by and on behalf of Relational Investors, LLC (“RILLC”), a Delaware limited liability company.  The principal business of RILLC is being the sole general partner, or the sole managing member of the general partner, of the Relational LPs and investment adviser of certain client managed accounts, the “Managed Accounts.”  The Relational LPs and the Managed Accounts are the beneficial owners of the securities covered by this Statement.  Pursuant to the Limited Partnership Agreement of each of the Relational LPs and the investment management agreement of the Managed Accounts, RILLC has sole investment discretion and voting authority with respect to the securities covered by this Statement.

This Statement is also being filed by and on behalf of Ralph V. Whitworth and David H. Batchelder.  Messrs. Whitworth and Batchelder are the Principals of RILLC, in which capacity they share voting control and dispositive power over the securities covered by this Statement.  Messrs. Whitworth and Batchelder, therefore, may be deemed to have shared indirect beneficial ownership of such securities.  The present principal occupation of each of Messrs. Whitworth and Batchelder is serving as Principals of RILLC (Messrs. Whitworth and Batchelder, together with Relational LPs and RILLC, hereinafter, the “Reporting Persons”).

During the last five years, none of the Reporting Persons has been (i) convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

The business address of each of the Reporting Persons is 12400 High Bluff Drive, Suite 600, San Diego, CA 92130.

Messrs. Whitworth and Batchelder are citizens of the United States.

Item 3.    Source and Amount of Funds or Other Consideration

Item 3 of the Statement is hereby amended and restated as follows:

RILLC and the Managed Accounts purchased an aggregate of 3,614,060 Shares for a total consideration (including brokerage commissions) of $57.6 million derived from capital of the Managed Accounts and margin borrowings from certain client margin accounts at Credit Suisse Securities (USA) LLC (“CSSU”).

The Relational LPs purchased an aggregate of 21,517,558 Shares for total consideration (including brokerage commissions) of $356.1 million derived from the capital of the Relational LPs and margin borrowings from CSSU for RFP, RCP and RH1.

Interest on the margin debt balance of the margin accounts described above is charged at the then Federal Funds Rate plus 50 basis points.  CSSU has a lien on the Shares held by certain Managed Accounts and those held by RFP, RCP and RH1 to secure repayment of the margin borrowings described above.

 

19



 

Item 5.    Interest in Securities of the Issuer

Item 5 of the Statement is hereby amended and restated as follows:

(a)           As of the date of this Statement, the Reporting Persons beneficially owned in the aggregate Shares, constituting of the outstanding Shares.  The percentage of Shares owned being based upon 229,368,602 Shares outstanding on November 23, 2008, as set forth in the Issuer’s Form 10-Q for the quarter ended November 23, 2008.  The Reporting Persons may be deemed to have direct beneficial ownership of the Shares as follows:

NAME

 

NUMBER OF SHARES

 

% OF OUTSTANDING SHARES

 

VOTING AND DISPOSITIVE POWER

 

RILLC

 

3,614,060

 

1.58

%

Sole

 

RILP

 

6,666,782

 

2.91

%

Sole

 

RFP

 

154,372

 

0.07

%

Sole

 

RCP

 

315,497

 

0.14

%

Sole

 

RP

 

192,188

 

0.08

%

Sole

 

RH1

 

2,636,409

 

1.15

%

Sole

 

RH4

 

815,918

 

0.36

%

Sole

 

RH6

 

969,651

 

0.42

%

Sole

 

RH7

 

325,903

 

0.14

%

Sole

 

RI III

 

74,264

 

0.03

%

Sole

 

RI VIII

 

5,057,190

 

2.20

%

Sole

 

RI IX

 

1,418,928

 

0.62

%

Sole

 

RI X

 

2,062,952

 

0.90

%

Sole

 

RI XV

 

318,169

 

0.14

%

Sole

 

RI XVI

 

509,335

 

0.22

%

Sole

 

 

RILLC, individually and in its capacity as an investment adviser, may be deemed to possess direct beneficial ownership of the 3,614,060 Shares that are owned by it and the Managed Accounts.  Additionally, RILLC, as the sole general partner, or sole managing member of the general partner, of each of Relational LPs may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the 21,517,558 Shares beneficially owned by the Relational LPs because the limited partnership agreements of the Relational LPs specify that RILLC has sole investment discretion and voting authority with respect to those Shares.

Each of Messrs. Whitworth and Batchelder, as Principals of RILLC, may be deemed to share indirect beneficial ownership of the Shares which RILLC may beneficially own.  Each of Messrs. Whitworth and Batchelder disclaims beneficial ownership of such Shares for all other purposes.

To the best of the knowledge of each of the Reporting Persons, other than as set forth above, none of the persons named in Item 2 is the beneficial owner of any Shares.

 

20



 

(b)           See item (a) above.

(c)           Not applicable.

(d)           No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement, except that dividends from, and proceeds from the sale of, the Shares held by accounts managed by RILLC may be delivered to such accounts.

(e)           Not applicable.

 

Item 7.   Material to Be Filed as Exhibits

 

The following Exhibits are filed herewith:

 

Exhibit A – Information concerning transactions in the Shares affected by the Reporting Persons in the last 60 days and not previously reported.

 

21



 

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  January 9, 2009

RELATIONAL INVESTORS, L.P.
RELATIONAL FUND PARTNERS, L.P.
RELATIONAL COAST PARTNERS, L.P.
RELATIONAL PARTNERS, L.P.
RH FUND 1, L.P.
RH FUND 4, L.P.
RH FUND 6, L.P.
RH FUND 7, L.P.
RELATIONAL INVESTORS III, L.P.
RELATIONAL INVESTORS VIII, L.P.
RELATIONAL INVESTORS IX, L.P.
RELATIONAL INVESTORS X, L.P.
RELATIONAL INVESTORS XV, L.P.
RELATIONAL INVESTORS XVI, L.P.

By:

RELATIONAL INVESTORS, LLC

 

as general partner to each, except as the sole managing member of the general partners of Relational Investors III, L.P. and Relational Investors X, L.P.

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

RELATIONAL INVESTORS, LLC

 

 

 

 

 

 

By:

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth, Principal

 

 

 

 

 

 

/s/ Ralph V. Whitworth

 

 

 

Ralph V. Whitworth

 

 

 

 

 

 

 

 

 

 

 

/s/ David H. Batchelder

 

 

 

David H. Batchelder

 

 

 

 

22



 

Exhibit A

 

Transactions by Reporting Persons in the last 60 days not previously reported.

 

Beneficial Ownership

 

Purchase or
Sale

 

Quantity

 

Transaction
Date

 

Price per Share
(including
commission)

 

How Effected

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Relational Investors, L.P.

 

Sale

 

409,096

 

12/19/2008

 

$

10.30

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

11,979

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

384

 

12/19/2008

 

$

10.30

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

27,834

 

12/19/2008

 

$

10.30

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

22,024

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

103,283

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

7,219

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,821

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

5,935

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

17,683

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

28,125

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

11,852

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Investors LLC

 

Sale

 

15,102

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Investors LLC

 

Sale

 

86,263

 

12/19/2008

 

$

10.30

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

273,242

 

12/22/2008

 

$

9.74

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

8,001

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

256

 

12/22/2008

 

$

9.74

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

18,591

 

12/22/2008

 

$

9.74

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

14,710

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

68,984

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

4,822

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,216

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

3,964

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

11,810

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

18,785

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

7,916

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

10,087

 

12/22/2008

 

$

9.74

 

Open Market

 

Relational Investors LLC

 

Sale

 

57,616

 

12/22/2008

 

$

9.74

 

Open Market

 

 



 

Relational Investors, L.P.

 

Sale

 

546,482

 

1/6/2009

 

$

11.25

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

16,002

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

512

 

1/6/2009

 

$

11.25

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

37,182

 

1/6/2009

 

$

11.25

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

29,420

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

137,969

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

9,643

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

2,433

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

7,929

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

23,621

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

37,569

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

15,831

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Investors LLC

 

Sale

 

20,174

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Investors LLC

 

Sale

 

115,233

 

1/6/2009

 

$

11.25

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

464,511

 

1/7/2009

 

$

10.59

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

13,602

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

436

 

1/7/2009

 

$

10.59

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

31,604

 

1/7/2009

 

$

10.59

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

25,007

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

117,273

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

8,197

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

2,068

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

6,739

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

20,078

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

31,934

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

13,455

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Investors LLC

 

Sale

 

17,148

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Investors LLC

 

Sale

 

97,948

 

1/7/2009

 

$

10.59

 

Open Market

 

Relational Investors, L.P.

 

Sale

 

409,861

 

1/8/2009

 

$

10.30

 

Open Market

 

RH Fund 1, L.P.

 

Sale

 

12,002

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Investors III, L.P.

 

Sale

 

384

 

1/8/2009

 

$

10.30

 

Open Market

 

RH Fund 4, L.P.

 

Sale

 

27,886

 

1/8/2009

 

$

10.30

 

Open Market

 

RH Fund 7, L.P.

 

Sale

 

22,065

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Investors VIII, L.P.

 

Sale

 

103,477

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Investors IX, L.P.

 

Sale

 

7,233

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Investors X, L.P.

 

Sale

 

1,825

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Investors XVI, L.P.

 

Sale

 

5,946

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Partners, L.P.

 

Sale

 

17,716

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Coast Partners, L.P.

 

Sale

 

28,178

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Fund Partners, L.P.

 

Sale

 

11,873

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Investors LLC

 

Sale

 

15,130

 

1/8/2009

 

$

10.30

 

Open Market

 

Relational Investors LLC

 

Sale

 

86,424

 

1/8/2009

 

$

10.30

 

Open Market

 

 


-----END PRIVACY-ENHANCED MESSAGE-----