NetApp, Inc. — Director's Dealing 2012

Feb 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NetApp, Inc. (NTAP)
CIK: 0001002047
Period of Report: 2012-02-21

Reporting Person: GEORGENS THOMAS (CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-21	Common Stock	M	16000	$23.79	Acquired	24127	Direct
2012-02-21	Common Stock	M	77750	$21.4	Acquired	101877	Direct
2012-02-21	Common Stock	M	6250	$30.74	Acquired	108127	Direct
2012-02-21	Common Stock	S	100000	$42.9803	Disposed	8127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-21	Non-Qualified Stock Option (right to buy)	$21.4	M	77750	Disposed	2015-02-14	Common Stock (77750)	Direct
2012-02-21	Non-Qualified Stock Option (right to buy)	$23.79	M	16000	Disposed	2015-06-01	Common Stock (16000)	Direct
2012-02-21	Non-Qualified Stock Option (right to buy)	$30.74	M	6250	Disposed	2014-05-31	Common Stock (6250)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $42.845 to $43.20. 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: Option vests with respect to 25% of the option shares on January 29, 2009 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.