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 *
  FARRINGTON DEBORAH A
 2. Date of Event Requiring Statement (Month/Day/Year)
12/19/2007		 3. Issuer Name and Ticker or Trading Symbol
NETSUITE INC [N]
(Last)
(First)
(Middle)
C/O NETSUITE INC., 2955 CAMPUS DRIVE, SUITE 100		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN MATEO, CA 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)

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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series C Convertible Preferred Stock   (1)   (1) Common Stock 695,321 $ (1) I See Footnote (2) (2)
Series D Convertible Preferred Stock   (3)   (3) Common Stock 120,734 $ (3) I See Footnote (2) (2)
Series E Convertible Preferred Stock   (4)   (4) Common Stock 249,064 $ (4) I See Footnote (2) (2)
Series F Convertible Preferred Stock   (5)   (5) Common Stock 527,649 $ (5) I See Footnote (2) (2)
Series G Convertible Preferred Stock   (6)   (6) Common Stock 654,699 $ (6) I See Footnote (2) (2)
Series H Convertible Preferred Stock   (7)   (7) Common Stock 448,301 $ (7) I See Footnote (2) (2)
Series C Convertible Preferred Stock   (1)   (1) Common Stock 186 $ (1) I See Footnote (8) (8)
Non-qualfified Stock Option (right to buy)   (9) 12/13/2017 Common Stock 22,500 $ 14.5 D  
Non-qualfified Stock Option (right to buy)   (10) 12/13/2017 Common Stock 3,397 $ 14.5 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FARRINGTON DEBORAH A
C/O NETSUITE INC.
2955 CAMPUS DRIVE, SUITE 100
SAN MATEO, CA 94403		   X      

Signatures

/s/ DOUGLAS P. SOLOMON, by power of attorney 12/19/2007
**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) Each share of Series C Convertible Preferred Stock shall automatically convert into 5.83113255 shares of Common Stock immediately prior to the closing of the issuer's initial public offering of Common Stock.
(2) Shares held directly by StarVest Partners, L.P. The reporting person is a General Partner of StarVest Partners, L.P. and disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
(3) Each share of Series D Convertible Preferred Stock shall automatically convert into 3.86152141 shares of Common Stock immediately prior to the closing of the issuer's initial public offering of Common Stock.
(4) Each share of Series E Convertible Preferred Stock shall automatically convert into 1.56268882 shares of Common Stock immediately prior to the closing of the issuer's initial public offering of Common Stock.
(5) Each share of Series F Convertible Preferred Stock shall automatically convert into 1.1786783 shares of Common Stock immediately prior to the closing of the issuer's initial public offering of Common Stock.
(6) Each share of Series G Convertible Preferred Stock shall automatically convert into one share of Common Stock immediately prior to the closing of the issuer's initial public of Common Stock.
(7) Each share of Series H Convertible Preferred Stock shall automatically convert into one share of Common Stock immediately prior to the closing of the issuer's initial public offering of common stock.
(8) Shares held directly by StarVest Management, Inc., as Nominee for StarVest Partners Advisory Council Co-Investment Plan. The reporting person is President of StarVest Management, Inc. and disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
(9) One-sixteenth of the shares subject to the option vest and become exercisable on March 13, 2008 and one-sixteenth of the shares shall vest quarterly thereafter.
(10) One-fifth of the shares subject to the option vest and become exercisable on January 15, 2008 and one-fifth of the shares shall vest monthly thereafter.

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