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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

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

NATIONAL INSTRUMENTS CORPORATION


(Name of Issuer)

COMMON STOCK


(Title of Class of Securities)

636518 10


(CUSIP Number)

DECEMBER 31, 2002


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

        [   ] Rule 13d-1(b)

        [   ] Rule 13d-1(c)

        [X] Rule 13d-1(d)

*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 the disclosures provided in a prior cover page.

The information required in 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 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. 636518 10 13G Page 2 of 5 Pages

  1. Name(s) of Reporting Persons: I.R.S. Identification Nos. of above persons (entities only):

L. WAYNE ASHBY

  2. Check the Appropriate Box if a Member of a Group (See Instructions):
    (a) [  ]  
    (b) [  ]  

  3. SEC Use Only:

  4. Citizenship or Place of Organization:
UNITED STATES OF AMERICA

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
2,550,982

6. Shared Voting Power:
0

7. Sole Dispositive Power:
2,550,982

8. Shared Dispositive Power:
0

  9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,550,982

  10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):

  11. Percent of Class Represented by Amount in Row (9):
4.95%

  12. Type of Reporting Person (See Instructions):

IN

 


 

  13G Page 3 of 5 Pages
       
Item 1.
  (a) National Instruments Corporation
  (b) 11500 North Mopac Expressway, Building B
Austin, TX 78759
 
Item 2.
  (a) L. Wayne Ashby
  (b) 11500 North Mopac Expressway, Building B
Austin, TX 78759
  (c) U.S.A.
  (d) Common Stock
  (e) N/A
 
Item 3. If this statement is filed pursuant to §240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable.
  (a) [  ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b) [  ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c) [  ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d) [  ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
  (e) [  ] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f) [  ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g) [  ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  (h) [  ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) [  ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) [  ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).
       
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
  (a) Amount beneficially owned:
    2,550,982*
  (b) Percent of class:
    4.95%
  (c) Number of shares as to which the person has:
    (i) Sole power to vote or to direct the vote:
      2,550,982*
    (ii) Shared power to vote or to direct the vote:
      0
    (iii) Sole power to dispose or to direct the disposition of:
      2,550,982*
    (iv) Shared power to dispose or to direct the disposition of:
      0
  *Excludes 958 Shares held by reporting person's spouse
Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d3(d)(1).

 


 

  13G Page 4 of 5 Pages
       
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
Instruction: Dissolution of a group requires a response to this item.
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable.
 
If any 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, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.
 
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attached an exhibit stating the identification of the relevant subsidiary.
 
Item 8. Identification and Classification of Members of the Group. Not applicable.
 
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
 
Item 9. Notice of Dissolution of Group. Not applicable.
 
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
       
Item 10. Certification. Not applicable.

 


 

  13G Page 5 of 5 Pages

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.

   
February 14, 2003

Date
/s/ L. Wayne Ashby

Signature
 
L. Wayne Ashby, Former Director

Name/Title