NetApp, Inc. — Director's Dealing 2010

Jun 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NetApp, Inc. (NTAP)
CIK: 0001002047
Period of Report: 2010-06-01

Reporting Person: GEORGENS THOMAS (CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-01	Common Stock	M	20834	—	Acquired	37527	Direct
2010-06-01	Common Stock	F	7641	$37.62	Disposed	29886	Direct
2010-06-02	Common Stock	S	22786	$37.5346	Disposed	7100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-01	Non-Qualified Stock Option (right to buy)	$37.62	A	300000	Acquired	2017-05-31	Common Stock (300000)	Direct
2010-06-01	Restricted Stock Unit	$0	M	20834	Disposed		Common Stock (20834)	Direct
2010-06-01	Restricted Stock Unit	$0	A	33333	Acquired		Common Stock (33333)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $37.355 to 37.760. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: Option vests in a series of equal monthly installments over 48 months of service beginning with the one-month annniversary of the grant date.

F3: The restricted stock unit shares vest as to 25% of the shares on the one-year anniversary of the grant date, and 25% of the shares on each annual anniversary thereafter for the next 3 years.