NetApp, Inc. — Director's Dealing 2017

Nov 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NetApp, Inc. (NTAP)
CIK: 0001002047
Period of Report: 2017-11-16

Reporting Person: WALLACE RICHARD P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-16	Common Stock	M	27500	$46.77	Acquired	34632	Direct
2017-11-16	Common Stock	S	27500	$51.41	Disposed	7132	Direct
2017-11-16	Common Stock	M	22831	$43.77	Acquired	29963	Direct
2017-11-16	Common Stock	S	22831	$53.77	Disposed	7132	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-16	Non-Qualified Stock Option (right to buy)	$43.77	M	22831	Disposed	2020-09-12	Common Stock (22831)	Direct
2017-11-16	Non-Qualified Stock Option (right to buy)	$46.77	M	27500	Disposed	2018-03-15	Common Stock (27500)	Direct

Footnotes

F1: The transaction reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2017.

F2: 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 Optionee's cessation of Board service prior to vesting in those shares. The shares will vest upon the Optionee's continuation in Board service through the day immediately preceding the next Annual Stockholders Meeting following the grant date.

F3: Option vests with respect to 12,500 of the option shares on the first anniversary of the grant date and the balance in a series of equal annual installments over the next 3 years of service thereafter.