NETGEAR, INC. — Director's Dealing 2012

Jan 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETGEAR, INC (NTGR)
CIK: 0001122904
Period of Report: 2012-01-11

Reporting Person: OLSON CHARLES T (SVP, Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-11	Common Stock	M	2125	—	Acquired	9501	Direct
2012-01-11	Common Stock	F	890	$37.92	Disposed	8611	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-11	Restricted Stock Units	$	M	2125	Disposed		Common Stock (2125)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$28.79	2018-01-11	Common Stock (667)	667	Direct
Employee Stock Option (Right to Buy)	$11.41	2019-01-16	Common Stock (5667)	5667	Direct
Restricted Stock Units	$		Common Stock (4250)	4250	Direct
Employee Stock Option (Right to Buy)	$21.10	2020-02-02	Common Stock (3376)	3376	Direct
Employee Stock Option (Right to Buy)	$20.80	2020-06-13	Common Stock (3876)	3876	Direct
Employee Stock Option (Right to Buy)	$35.32	2021-02-03	Common Stock (6000)	6000	Direct
Employee Stock Option (Right to Buy)	$33.15	2021-04-26	Common Stock (1200)	1200	Direct

Footnotes

F1: Converts to common stock on a one for one basis.

F2: Not applicable.

F3: 25% of the option grant is exercisable on 1/11/2009, and 1/48 of the option grant is exercisable each month thereafter.

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 1/11/2008, the vest start date, so that all of the units will have vested on 1/11/2012.

F5: 25% of the option grant is exercisable on 1/16/2010, and 1/48 of the option grant is exercisable each month thereafter.

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

F7: 25% of the option grant is exercisable on 2/2/2011, and 1/48 of the option grant is exercisable each month thereafter.

F8: 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.

F9: 25% of the option grant is exercisable on 2/3/2012, and 1/48 of the option grant is exercisable each month thereafter.

F10: 25% of the option grant is exercisable on 4/26/2012, and 1/48 of the option grant is exercisable each month thereafter.

F11: Acquired pursuant to the vesting of restricted stock units which convert to common stock on a one for one basis.