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NetApp, Inc. Director's Dealing 2010

Jun 3, 2010

30233_dirs_2010-06-03_f2baa22b-0647-4e10-b0b8-5ae772ae6315.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: Salmon Robert E (Executive VP, Field Operations)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-06-01 Common Stock M 10417 Acquired 21465 Direct
2010-06-01 Common Stock F 4862 $37.62 Disposed 16603 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 10417 Disposed Common Stock (10417) Direct
2010-06-01 Restricted Stock Unit $0 A 25000 Acquired Common Stock (25000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 7512 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: Shares held in trust by Patricia Mertens-Salmon, Custodian for Michael T. Salmon UTMA CA.

F3: Option vests in a series of equal monthly installments over 48 months of service beginning with the one-month annniversary of the grant date.

F4: 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.