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National Instruments president sells shares

By Associated Press
June 11, 2008 | Comments (0)

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The president of analysis software company National Instruments Corp. sold 10,500 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, James J. Truchard reported selling the shares on Monday for $31.31 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

National Instruments is based in Austin.

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