Netlist, Inc. — Director's Dealing 2006

Nov 29, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NETLIST INC (NLST)
CIK: 0001282631
Period of Report: 2006-11-29

Reporting Person: Lagatta Thomas F (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$2.55	2016-02-24	Common Stock (25000)		Direct
Employee Stock Option (right to buy)	$7.00	2016-08-14	Common Stock (10000)		Direct

Footnotes

F1: The option vests in four equal annual installments. The first installment of 6,250 shares will vest on February 24, 2007.

F2: The option vests in sixteen equal quarterly installments. The first installment of 625 shares vested on November 1, 2006.