SEC Form 4 · accession 0001614094-16-000094
NetApp, Inc. · NTAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tor Braham
Director
Period of report
Apr 4, 2016
Accepted (ET)
Apr 6, 2016 · 4:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001002047
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 4, 2016 | M | 5,712 | $0.00 | A | 11,634 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.00 | Apr 4, 2016 | M | 5,712 | D | Sep 5, 2015 | — | Common Stock | 5,712 | 7,916 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On September 13, 2013 (the "Grant Date"), the reporting person was granted 5,712 restricted stock units ("RSUs"), which vested on the day immediately preceding the date of the next Annual Stockholders Meeting of the Company following the Grant Date, subject to continuous service on the Board through such date. The payout of such RSUs was deferred until a date within 30 days of the earliest of: (a) the date his service on the Board ceases for any reason or (c) the date on which a Change of Control occurs. The reporting person resigned from the Board on March 29, 2016.