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Netlist, Inc. Director's Dealing 2008

May 6, 2008

17733_dirs_2008-05-06_dba6820f-6f74-403a-bb67-080010b25925.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETLIST INC (NLST)
CIK: 0001282631
Period of Report: 2008-05-02

Reporting Person: Perrott James Patrick (SVP of Sales and Marketing)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-02 Employee Stock Option (Right to Buy) $1.29 A 250000 Acquired 2018-05-02 Common Stock (250000) Direct

Footnotes

F1: The option vests with respect to 25% of the underlying shares on April 7, 2009. The remainder of the option vests in 36 equal monthly installments thereafter.