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NetApp, Inc. Director's Dealing 2010

Sep 13, 2010

30233_dirs_2010-09-13_76e29538-48aa-4279-b43c-4677eb355e5f.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: 2010-09-10

Reporting Person: Goel Manish (Exec VP of Product Operations)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-09-10 Common Stock M 2500 $15.59 Acquired 5537 Direct
2010-09-10 Common Stock M 3125 $20.69 Acquired 8662 Direct
2010-09-10 Common Stock S 8662 $46.3539 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-09-10 Non-Qualified Stock Option (right to buy) $15.59 M 2500 Disposed 2016-02-16 Common Stock (2500) Direct
2010-09-10 Non-Qualified Stock Option (right to buy) $20.69 M 3125 Disposed 2016-05-31 Common Stock (3125) Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $46.31 to 46.53. The reporting person will provide to the issuer, any security holdeof the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: 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.

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.