NETGEAR, INC. — Director's Dealing 2010

Oct 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETGEAR, INC (NTGR)
CIK: 0001122904
Period of Report: 2010-10-01

Reporting Person: SOARES DAVID (Senior VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-01	Common Stock	M	417	$11.00	Acquired	14699	Direct
2010-10-01	Common Stock	M	3334	$14.79	Acquired	18033	Direct
2010-10-01	Common Stock	M	5001	$9.26	Acquired	23034	Direct
2010-10-01	Common Stock	M	7916	$11.41	Acquired	30950	Direct
2010-10-01	Common Stock	M	4141	$15.35	Acquired	35091	Direct
2010-10-01	Common Stock	S	20809	$27.10	Disposed	14282	Direct
2010-10-05	Common Stock	M	4609	$15.35	Acquired	18891	Direct
2010-10-05	Common Stock	S	4609	$27.00	Disposed	14282	Direct
2010-10-05	Common Stock	M	8750	$15.35	Acquired	23032	Direct
2010-10-05	Common Stock	S	8750	$28.00	Disposed	14282	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-01	Employee Stock Option (Right to Buy)	$15.35	M	4141	Disposed	2015-03-11	Common Stock (4141)	Direct
2010-10-01	Employee Stock Option (Right to Buy)	$14.79	M	3334	Disposed	2014-02-26	Common Stock (3334)	Direct
2010-10-01	Employee Stock Option (Right to Buy)	$9.26	M	5001	Disposed	2014-07-23	Common Stock (5001)	Direct
2010-10-01	Employee Stock Option (Right to Buy)	$11.41	M	7916	Disposed	2019-01-16	Common Stock (7916)	Direct
2010-10-01	Employee Stock Option (Right to Buy)	$11.00	M	417	Disposed	2013-07-11	Common Stock (417)	Direct
2010-10-05	Employee Stock Option (Right to Buy)	$15.35	M	4609	Disposed	2015-03-11	Common Stock (4609)	Direct
2010-10-05	Employee Stock Option (Right to Buy)	$15.35	M	8750	Disposed	2015-03-11	Common Stock (8750)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (1875)	1875	Direct
Restricted Stock Units	$		Common Stock (4000)	4000	Direct
Employee Stock Option (Right to Buy)	$22.68	2016-05-23	Common Stock (10000)	10000	Direct
Employee Stock Option (Right to Buy)	$29.23	2017-01-12	Common Stock (20000)	20000	Direct
Employee Stock Option (Right to Buy)	$28.79	2018-01-11	Common Stock (20000)	20000	Direct
Restricted Stock Units	$		Common Stock (6000)	6000	Direct
Employee Stock Option (Right to Buy)	$21.10	2020-02-02	Common Stock (20000)	20000	Direct
Employee Stock Option (Right to Buy)	$20.80	2020-06-13	Common Stock (16000)	16000	Direct

Footnotes

F1: 100% of this option grant is exercisable on 3/11/05, the grant date. Shares underlying the option are restricted from transfer, with the restriction lapsing with respect to 25% of the shares on each subsequent anniversary of the grant date, so that all underlying shares will be free from transfer restrictions on 3/11/09.

F2: 25% of the option grant is exercisable on 2/26/2005, and 1/48 of the option grant is exercisable each month thereafter.

F3: 25% of the option grant is exercisable on 7/23/2005, and 1/48 of the option grant is exercisable each month thereafter.

F4: 25% of the option grant is exercisable on 5/23/2007, and 1/48 of the option grant is exercisable each month thereafter.

F5: Converts to common stock on a one for one basis.

F6: Not applicable.

F7: 25% of the option grant is exercisable on 1/12/2008, and 1/48 of the option grant is exercisable each month thereafter.

F8: 25% of the option grant is exercisable on 1/11/2009, and 1/48 of the option grant is exercisable each month thereafter.

F9: Stock units will be paid in an equal number of shares of the Issuer's common stock upon vesting of the units. 25% of the units will cliff vest on each anniversary of 1/11/2008, the vest start date, so that all of the units will have vested on 1/11/2012.

F10: Stock units will be paid in an equal number of shares of the Issuer's common stock upon vesting of the units. 25% of the units will cliff vest on each anniversary of 1/12/2007, the vest start date, so that all of the units will have vested on 1/12/2011.

F11: 25% of the option grant is exercisable on 1/16/2010, and 1/48 of the option grant is exercisable each month thereafter.

F12: Stock units will be paid in an equal number of shares of the Issuer's common stock upon vesting of the units. 25% of the units will cliff vest on each anniversary of 1/16/2009, the vesting start date, so that all of the units will have vested on 1/16/2013.

F13: 25% of the option grant is exercisable on 2/2/2011, and 1/48 of the option grant is exercisable each month thereafter.

F14: 25% of the shares subject to the option shall vest on 6/13/2011, and 1/48th of the shares subject to the option shall vest each month thereafter, subject to the optionee continuing to be a service provider on such dates.

F15: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 31, 2010.

F16: The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $27.02 to $27.11 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

F17: 25% of the option grant is exercisable on 7/11/2004, and 1/48 of the option grant is exercisable each month thereafter.