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NetApp, Inc. Director's Dealing 2010

Jun 3, 2010

30233_dirs_2010-06-03_4e6d88f9-6120-4841-8c23-223a25c65199.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: 2010-06-01

Reporting Person: GOMO STEVEN J (Executive VP, CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-06-01 Common Stock M 8334 Acquired 20744 Direct
2010-06-01 Common Stock F 3056 $37.62 Disposed 17688 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 75000 Acquired 2017-05-31 Common Stock (75000) Direct
2010-06-01 Restricted Stock Unit $0 M 8334 Disposed Common Stock (8334) Direct
2010-06-01 Restricted Stock Unit $0 A 25000 Acquired Common Stock (25000) Direct

Footnotes

F1: Option vests in a series of equal monthly installments over 48 months of service beginning with the one-month annniversary of the grant date.

F2: 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.