NetApp, Inc. — Director's Dealing 2020

Sep 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NetApp, Inc. (NTAP)
CIK: 0001002047
Period of Report: 2020-09-09

Reporting Person: HELD GERALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-09	Common Stock	M	4435	$0.0	Acquired	14750	Direct
2020-09-10	Common Stock	M	11416	$43.77	Acquired	26166	Direct
2020-09-10	Common Stock	S	11416	$45.5005	Disposed	14750	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-10	Non-Qualified Stock Option (right to buy)	$43.77	M	11416	Disposed	2020-09-12	Common Stock (11416)	Direct
2020-09-09	Restricted Stock Unit	$0.0	M	4435	Disposed		Common Stock (4435)	Direct
2020-09-10	Restricted Stock Unit	$0.0	A	5634	Acquired		Common Stock (5634)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $45.50 to $45.511. 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: 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.

F3: Restricted stock units convert into common stock on a one-for-one basis.

F4: On September 12, 2019, the reporting person was granted 4,435 restricted stock units which vest on the day immediately preceding the date of the next Annual Stockholders Meeting of the Company following the Grant Date, subject to the subject to the Participant's continuous service on the Board through such date.

F5: On September 10, 2020, the reporting person was granted 5,634 restricted stock units which vest on the day immediately preceding the date of the next Annual Stockholders Meeting of the Company following the Grant Date, subject to the subject to the Participant's continuous service on the Board through such date.