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NetApp, Inc. Director's Dealing 2010

Aug 23, 2010

30233_dirs_2010-08-23_9219fbed-dae6-48d7-9481-4f46c04867ce.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NetApp, Inc. (NTAP)
CIK: 0001002047
Period of Report: 2010-08-20

Reporting Person: MOORE NICHOLAS G (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-08-20 Common Stock M 20000 $25.08 Acquired 20000 Direct
2010-08-20 Common Stock S 20000 $40.4119 Disposed 0 Direct
2010-08-20 Common Stock M 15000 $23.73 Acquired 15000 Indirect
2010-08-20 Common Stock M 5000 $23.73 Acquired 20000 Indirect
2010-08-20 Common Stock S 20000 $40.3487 Disposed 0 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-08-20 Non-Qualified Stock Option (right to buy) $25.08 M 20000 Disposed 2015-09-01 Common Stock (20000) Direct
2010-08-20 Non-Qualified Stock Option (right to buy) $23.73 M 15000 Disposed 2015-08-30 Common Stock (15000) Indirect
2010-08-20 Non-Qualified Stock Option (right to buy) $23.73 M 5000 Disposed 2015-08-30 Common Stock (5000) Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $40.41 to $40.42. 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: Shares held by The Moore Family Ventures,, LP, a limited partnership of which the reporting person is General Partner.

F3: The price in Column 4 is a weighted average price. The prices actually received ranged from $40.30 to $40.42. 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.

F4: Option is immediately exercisable, but any shares purchased under the option will be subject to repurchase by the Company at the option exercise price paid per share, upon the Optionee's cessation of Board service prior to vesting in those shares. The shares will vest upon the Optionee's continuation in Board service through the day immediately preceding the next Annual Stockholders Meeting following the grant date.