NETGEAR, INC. — Director's Dealing 2011

Jan 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETGEAR, INC (NTGR)
CIK: 0001122904
Period of Report: 2011-01-06

Reporting Person: Kim Andrew Wonki (VP, Legal and Corp. Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-06	Common Stock	M	4000	$18.59	Acquired	17102	Direct
2011-01-06	Common Stock	M	2000	$11.56	Acquired	19102	Direct
2011-01-06	Common Stock	S	3000	$36.00	Disposed	16102	Direct
2011-01-06	Common Stock	S	3000	$37.00	Disposed	13102	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-06	Employee Stock Option (Right to Buy)	$11.56	M	2000	Disposed	2018-10-21	Common Stock (4000)	Direct
2011-01-06	Employee Stock Option (Right to Buy)	$18.59	M	4000	Disposed	2018-06-03	Common Stock (4000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$11.41	2019-01-16	Common Stock (14000)	14000	Direct
Employee Stock Option (Right to Buy)	$21.10	2020-02-02	Common Stock (15000)	15000	Direct
Employee Stock Option (Right to Buy)	$20.80	2020-06-13	Common Stock (8000)	8000	Direct

Footnotes

F1: This option becomes exercisable as to 1/4 of the shares on the first anniversary of the vesting commencement date of March 31, 2008, and 1/48th of the shares become exercisable each month thereafter.

F2: This option becomes exercisable as to 1/4 of the shares on the first anniversary of the vesting commencement date of October 21, 2008, and 1/48th of the shares become exercisable each month thereafter.

F3: This option becomes exercisable as to 1/4 of the shares on the first anniversary of the vesting commencement date of January 16, 2009, and 1/48th of the shares become exercisable each month thereafter.

F4: 25% of the option grant is exercisable on 2/2/2011, and 1/48 of the option grant is exercisable each month thereafter.

F5: 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.

F6: The exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 29, 2010.