NETGEAR, INC. — Director's Dealing 2010

Jan 20, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETGEAR, INC (NTGR)
CIK: 0001122904
Period of Report: 2010-01-16

Reporting Person: MERRILL MARK G (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-16	Common Stock	M	750	$0.00	Acquired	9809	Direct
2010-01-16	Common Stock	F	330	$22.16	Disposed	9479	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-16	Restricted Stock Units	$	M	750	Disposed		Common Stock (750)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (1750)	1750	Direct
Restricted Stock Units	$		Common Stock (1500)	1500	Direct
Employee Stock Option (Right to Buy)	$4.51	2010-04-05	Common Stock (59233)	59233	Direct
Employee Stock Option (Right to Buy)	$6.00	2012-10-30	Common Stock (2001)	2001	Direct
Restricted Stock Units	$		Common Stock (2000)	2000	Direct

Footnotes

F1: This stock option was granted under the NETGEAR, Inc. 2000 Option Plan on December 9, 2000 and is fully vested and exercisable at this time.

F2: This stock option was granted under the NETGEAR, Inc. 2000 Option Plan on October 30, 2002 and is fully vested and exercisable at this time.

F3: Converts to common stock on a one for one basis.

F4: 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 5/23/06, the vest start date, so that all of the units will have vested on 5/23/2010.

F5: Not applicable.

F6: 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.

F7: 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.

F8: 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.

F9: Acquired pursuant to the vesting of restricted stock units which convert to common stock on a one for one basis.