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NetApp, Inc. — Director's Dealing 2014
Nov 20, 2014
30233_dirs_2014-11-20_daa92570-f241-4264-83e5-139deeb2fd04.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: 2014-11-18
Reporting Person: NEVENS THOMAS MICHAEL (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-11-18 | Common Stock | M | 17000.0 | $34.52 | Acquired | 17000 | Direct |
| 2014-11-18 | Common Stock | S | 17000.0 | $42.0402 | Disposed | 0 | Direct |
| 2014-11-18 | Common Stock | M | 55000.0 | $33.83 | Acquired | 55000 | Direct |
| 2014-11-18 | Common Stock | S | 55000.0 | $42.0402 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-11-18 | Non-Qualified Stock Option (right to buy) | $33.83 | M | 55000.0 | Disposed | 2016-12-16 | Common Stock (55000) | Direct |
| 2014-11-18 | Non-Qualified Stock Option (right to buy) | $34.52 | M | 17000.0 | Disposed | 2019-08-30 | Common Stock (17000) | Direct |
Footnotes
F1: The option shares are immediately exercisable as of the grant date and shall initially be unvested and subject to repurchase by the corporation at the exercise price per share. The reporting person shall acquire a vested interest in the option shares, and the corporation's repurchase right shall accordingly lapse, with respect to 25,000 shares upon the completion of one year of service as a member of the corporation's Board of Directors measured from the grant date; and the balance of the shares in a series of three successive equal annual installments upon the completion of each year of Board service over the three-year period measured from the first anniversay of the grant date.
F2: The option is immediately exercisable, but any shares purchased under the option will be subject to repurchase by the Company at the option exercise price paid per share, upon the reporting person's cessation of Board service prior to vesting in those shares. The shares will vest upon the reporting person's continuation in Board service through the day immediately preceding the next Annual Stockholders Meeting following the grant date.