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NETGEAR, INC. Director's Dealing 2010

May 27, 2010

32299_dirs_2010-05-27_ab3bc4d6-5f3c-497a-a722-856b8ad98c58.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETGEAR, INC (NTGR)
CIK: 0001122904
Period of Report: 2010-05-25

Reporting Person: PARKER GEORGE GC (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-25 Common Stock A 6000 $0.00 Acquired 20400 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Restricted Stock Units $ Common Stock (2667) 0 Direct
Director Stock Option (right to buy) $14.75 2019-06-02 Common Stock (1800) 1800 Direct

Footnotes

F1: Converts to common stock on a one for one basis.

F2: The option was granted under the NETGEAR, Inc. 2006 Long-Term Incentive Plan. The option becomes exercisable in full on the date of the Issuer's 2010 Annual Meeting of Stockholders.

F3: Stock units will be paid in an equal number of shares of the Issuer's common stock upon vesting of the units. 1/3 of the original units granted will vest on each anniversary of 1/12/07, the vesting commencement date, so that all of the units will have vested on 1/12/10.

F4: Not applicable.

F5: Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. 100% of the restricted stock units will vest on the date of the Issuer's 2011 Annual Meeting of Stockholders.