NETGEAR, INC. — Director's Dealing 2012

Oct 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETGEAR, INC (NTGR)
CIK: 0001122904
Period of Report: 2012-10-01

Reporting Person: MERRILL MARK G (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-01	Common Stock	S	7500	$37.97	Disposed	2825	Direct
2012-10-01	Common Stock	S	2825	$38	Disposed	0	Direct
2012-10-01	Common Stock	M	2001	$6	Acquired	2001	Direct
2012-10-01	Common Stock	S	2001	$37.97	Disposed	0	Direct
2012-10-02	Common Stock	M	3999	$21.10	Acquired	3999	Direct
2012-10-02	Common Stock	S	3999	$37.16	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-01	Employee Stock Option (Right to Buy)	$6.00	M	2001	Disposed	2012-10-30	Common Stock (2001)	Direct
2012-10-02	Employee Stock Option (Right to Buy)	$21.10	M	3999	Disposed	2020-02-02	Common Stock (3999)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (750)	750	Direct
Employee Stock Option (Right to Buy)	$31.31	2022-06-06	Common Stock (6000)	6000	Direct

Footnotes

F1: 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.

F2: Converts to common stock on a one for one basis.

F3: Not applicable.

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 1/16/2009, the vesting start date, so that all of the units will have vested on 1/16/2013.

F5: 25% of the option grant is exercisable on 2/2/2011, and 1/48 of the option grant is exercisable each month thereafter.

F6: 25% of the option grant is exercisable on 6/6/2013, and 1/48 of the option grant is exercisable each month thereafter.

F7: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan by the reporting person on August 31, 2012.