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NetApp, Inc. — Director's Dealing 2022
Feb 17, 2022
30233_dirs_2022-02-17_f9676811-303d-40f5-a572-8fa89617e0ee.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: 2022-02-15
Reporting Person: Anderson Brad (EVP, Hybrid Cloud Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-15 | Common Stock | M | 13750 | $0.0 | Acquired | 79464 | Direct |
| 2022-02-15 | Common Stock | F | 4421 | $90.47 | Disposed | 75043 | Direct |
| 2022-02-15 | Common Stock | M | 4333 | $0.0 | Acquired | 79376 | Direct |
| 2022-02-15 | Common Stock | F | 1902 | $90.47 | Disposed | 77474 | Direct |
| 2022-02-15 | Common Stock | M | 3825 | $0.0 | Acquired | 81299 | Direct |
| 2022-02-15 | Common Stock | F | 1679 | $90.47 | Disposed | 79620 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-15 | Restricted Stock Unit | $0.0 | M | 13750 | Disposed | 2025-02-23 | Common Stock (13750) | Direct |
| 2022-02-15 | Restricted Stock Unit | $0.0 | M | 4333 | Disposed | 2027-07-01 | Common Stock (4333) | Direct |
| 2022-02-15 | Restricted Stock Unit | $0.0 | M | 3825 | Disposed | 2028-07-01 | Common Stock (3825) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: On February 23, 2018, the reporting person was granted 55,000 restricted stock units, vesting in four equal annual installments beginning on February 15, 2019 and subject to continued service on each applicable vesting date.
F3: On July 1, 2020, the reporting person was granted 26,000 restricted stock units, vesting in four equal annual installments beginning on June 1, 2021 and subject to continued service on each applicable vesting date. In connection with Mr. Anderson's retirement and under the terms of the grant agreement, represents vesting of the number of RSUs that would have vested on the next scheduled vesting date but pro-rated based on the number of completed months of service since the most recent vesting date.
F4: On July 1, 2021, the reporting person was granted 20,400 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2022 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date. In connection with Mr. Anderson's retirement and under the terms of the grant agreement, represents vesting of the number of RSUs that would have vested on the next scheduled vesting date but pro-rated based on the number of completed months of service since the most recent vesting date.