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NETGEAR, INC. Director's Dealing 2011

May 9, 2011

32299_dirs_2011-05-09_e7cb4a6f-501d-45ff-92e2-b5c8417d9c0b.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NETGEAR, INC (NTGR)
CIK: 0001122904
Period of Report: 2011-04-28

Reporting Person: Buckley Shane (SVP and GM, CBU)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 6800 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (Right to Buy) $18.07 2019-10-20 Common Stock (66667) Direct
Employee Stock Option (Right to Buy) $35.32 2021-02-03 Common Stock (20000) Direct
Employee Stock Option (Right to Buy) $33.15 2021-04-26 Common Stock (3400) Direct

Footnotes

F1: Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. 1,700 units will vest on each of 4/26/2012, 4/26/2013, 4/26/2014 and 4/26/2015,

F2: 2,083.3 options are exercisable on the 12th of each month, such that all options are exercisable by 10/12/2013.

F3: 25% of the options will be exercisable on 2/3/2012, and 1/48 of the options is exercisable each month thereafter.

F4: 25% of the options will be exercisable on 4/26/2012, and 1/48 of the options is exercisable each month thereafter.