NETGEAR, INC. — Director's Dealing 2011

May 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETGEAR, INC (NTGR)
CIK: 0001122904
Period of Report: 2011-04-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-29	Common Stock	M	4000	$11.41	Acquired	19935	Direct
2011-04-29	Common Stock	M	2000	$18.59	Acquired	21935	Direct
2011-04-29	Common Stock	M	5920	$11.56	Acquired	27855	Direct
2011-04-29	Common Stock	S	11920	$41.0903	Disposed	15935	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-29	Employee Stock Option (Right to Buy)	$11.56	M	5920	Disposed	2018-10-21	Common Stock (5920)	Direct
2011-04-29	Employee Stock Option (Right to Buy)	$11.41	M	4000	Disposed	2019-01-16	Common Stock (4000)	Direct
2011-04-29	Employee Stock Option (Right to Buy)	$18.59	M	2000	Disposed	2018-06-03	Common Stock (2000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Employee Stock Option (Right to Buy)	$35.32	2021-02-03	Common Stock (15000)	15000	Direct
Employee Stock Option (Right to Buy)	$33.15	2021-04-26	Common Stock (1600)	1600	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: 25% of the option grant is exercisable on 2/3/2012, and 1/48 of the option grant is exercisable each month thereafter.

F7: 25% of the option grant is exercisable on 4/26/2012, and 1/48 of the option grant is exercisable each month thereafter.

F8: 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.

F9: The sale price reported in Column 4 of Table I represents the weighted average sale price of the shares sold ranging from $39.80 to $43.00 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.