Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Forman Michael

2. Date of Event Requiring Statement (MM/DD/YYYY) 3/21/2016

3. Issuer Name and Ticker or Trading Symbol

NETSUITE INC [N]

(Last) (First) (Middle)

NETSUITE INC., 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)
SVP, Global Controller /

(Street)

SAN MATEO, CA 94403

(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

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	24782 ⁽¹⁾	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
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)
1. Title of Derivate 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)	⁽²⁾	8/15/2019	Common Stock	200	$13.35	D
Employee Stock Option (right to buy)	⁽³⁾	3/3/2022	Common Stock	3918	$46.78	D
Employee Stock Option (right to buy)	⁽⁴⁾	3/17/2024	Common Stock	1059	$102.61	D

Explanation of Responses:
( 1)	Includes 18,211 shares subject to unvested restricted stock unit (RSU) grants and 4,035 shares subject to unvested performance stock unit (PSU) grants. Each RSU and PSU represents a contingent right to receive one share of NetSuite Inc. common stock. The Reporting Person was originally awarded 2,946 RSUs on March 19, 2013 vesting each quarter after March 3, 2013; 2,261 RSUs on March 17, 2014 vesting each quarter after March 3, 2014; 4,077 RSUs on March 9, 2015 vesting each quarter after March 3, 2015; 4,715 RSUs on March 7, 2016 vesting each quarter after March 3, 2016; 8,572 RSUs on March 13, 2016 vesting each quarter after March 3, 2016; 5,500 PSUs on March 29, 2012 vesting in three annual installments starting on February 15, 2015; 3,469 PSUs on March 17, 2014 vesting in three annual installments starting on February 15, 2015; and 1,562 PSUs on March 9, 2015 vesting in three annual installments starting on February 15, 2016.
( 2)	An option to purchase 4,000 shares was granted on August 15, 2009 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. One forty-eighth of the shares subject to the option vested on September 15, 2009 and one forty-eighth vest monthly thereafter. This option is fully vested.
( 3)	An option to purchase 4,498 shares was granted on March 6, 2012 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. One forty-eighth of the shares subject to the option vested on April 3, 2012 and one forty-eighth vest monthly thereafter. This option is fully vested.
( 4)	An option to purchase 1,059 shares was granted on March 17, 2014. One forty-eighth of the shares subject to the option vested on April 3, 2014 and one forty-eighth vest monthly thereafter.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Forman Michael NETSUITE INC. 2955 CAMPUS DRIVE, SUITE 100 SAN MATEO, CA 94403			SVP, Global Controller

Signatures
/s/ Michael Forman		3/29/2016
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.