NETSCOUT SYSTEMS INC — Director's Dealing 2011

Feb 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETSCOUT SYSTEMS INC (NTCT)
CIK: 0001078075
Period of Report: 2011-02-04

Reporting Person: SZABADOS MICHAEL (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-04	Common Stock	M	25000	—	Acquired	65368	Direct
2011-02-04	Common Stock	F	8084	$24.14	Disposed	57284	Direct
2011-02-07	Common Stock	S	2500	$24.7488	Disposed	54784	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-04	Restricted Stock Unit	$	M	25000	Disposed		Common Stock (25000)	Direct

Footnotes

F1: The shares of Common Stock were acquired upon the vesting of certain Restricted Stock Units previously granted to the reporting person.

F2: Price is N/A.

F3: The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.

F4: Represents the closing price of the Company's Common Stock on February 3, 2011.

F5: The shares of Common Stock were sold pursuant to a 10b5-1 plan.

F6: The shares sold on this date were sold in multiple transactions. This price is the weighted average sales price per share; the actual sales price per share ranged from $24.65 to $24.85.

F7: Date is N/A.