NetApp, Inc. — Director's Dealing 2010

Dec 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NetApp, Inc. (NTAP)
CIK: 0001002047
Period of Report: 2010-12-10

Reporting Person: Salmon Robert E (Executive VP, Field Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-10	Common Stock	M	4965	$20.16	Acquired	17972	Indirect
2010-12-10	Common Stock	M	2083	$15.32	Acquired	20055	Indirect
2010-12-10	Common Stock	M	1250	$15.32	Acquired	21305	Indirect
2010-12-10	Common Stock	M	9478	$15.711	Acquired	30783	Indirect
2010-12-10	Common Stock	M	5216	$19.17	Acquired	35999	Indirect
2010-12-10	Common Stock	M	28614	$29.24	Acquired	64613	Indirect
2010-12-10	Common Stock	M	4483	$34.24	Acquired	69096	Indirect
2010-12-10	Common Stock	M	25916	$23.79	Acquired	95012	Indirect
2010-12-14	Common Stock	S	54530	$54.573	Disposed	40482	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-10	Incentive Stock Option (right to buy)	$15.32	M	2083	Disposed	2012-02-06	Common Stock (2083)	Direct
2010-12-10	Incentive Stock Option (right to buy)	$15.32	M	1250	Disposed	2012-02-06	Common Stock (1250)	Direct
2010-12-10	Incentive Stock Option (right to buy)	$15.711	M	9478	Disposed	2013-05-08	Common Stock (9478)	Direct
2010-12-10	Incentive Stock Option (right to buy)	$19.17	M	5216	Disposed	2014-05-02	Common Stock (5216)	Direct
2010-12-10	Incentive Stock Option (right to buy)	$20.16	M	4965	Disposed	2011-04-25	Common Stock (4965)	Direct
2010-12-10	Incentive Stock Option (right to buy)	$34.24	M	4483	Disposed	2016-03-14	Common Stock (4483)	Direct
2010-12-10	Non-Qualified Stock Option (right to buy)	$23.79	M	25916	Disposed	2015-06-01	Common Stock (25916)	Direct
2010-12-10	Non-Qualified Stock Option (right to buy)	$29.24	M	28614	Disposed	2015-05-31	Common Stock (28614)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8047	Direct
Common Stock	240	Indirect
Common Stock	240	Indirect

Footnotes

F1: Shares held in trust by Robert Salmon and Patricia Mertens-Salmon, trustees to the Salmon Trust UDT 10/6/2000

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $54.42 to $54.715. 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.

F3: Shares held in trust by Patricia Mertens-Salmon, Custodian for Michael T. Salmon UTMA CA.

F4: Shares held in trust by Patricia Mertens-Salmon, Custodian for Gregory Salmon UTMA CA.

F5: Option vests with respect to 20% of the shares in equal monthly installments over the 12 months of service measured from the first anniversary of the option date; 30% of the shares in equal monthly installments over the following 12 months of service; and 50% of the shares in equal monthly installments over the final 12 months of service.

F6: Option vests with respect to 25% of the option shares on the first anniversary of the grant date and the balance in a series of equal monthly installments over the next 36 months of service thereafter.

F7: Option vests in a series of equal monthly installments over 48 months of service beginning with the one-month annniversary of the grant date.