NetApp, Inc. — Director's Dealing 2016

Aug 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NetApp, Inc. (NTAP)
CIK: 0001002047
Period of Report: 2016-08-25

Reporting Person: SHAHEEN GEORGE T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-25	Common Stock	M	20000.0	$34.24	Acquired	20000	Direct
2016-08-25	Common Stock	S	20000.0	$35.0129	Disposed	0	Direct
2016-08-25	Common Stock	M	10000.0	$29.5	Acquired	10000	Direct
2016-08-25	Common Stock	S	10000.0	$35.0129	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-25	Non-Qualified Stock Option (right to buy)	$29.5	M	10000.0	Disposed	2016-10-13	Common Stock (10000)	Direct
2016-08-25	Non-Qualified Stock Option (right to buy)	$34.24	M	20000.0	Disposed	2016-08-30	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4466	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $35.00 to $35.06. 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: Shares held in trust by George T. Shaheen and Darlene F. Shaheen, Trustees to the Shaheen Revocable Trust U/A DTD 12/15/88

F3: 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.