SEC Form 4 · accession 0001614094-16-000123
NetApp, Inc. · NTAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Kurian
Officer — CEO and President · Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 8:13 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 | Jun 1, 2016 | M | 2,700 | $0.00 | A | 36,984 | D | |
| Common Stock | Jun 1, 2016 | F | 1,014 | $25.07 | D | 35,970 | D | |
| Common Stock | Jun 1, 2016 | M | 10,725 | $0.00 | A | 46,695 | D | |
| Common Stock | Jun 1, 2016 | F | 4,030 | $25.07 | D | 42,665 | D | |
| Common Stock | Jun 1, 2016 | M | 10,725 | $0.00 | A | 53,390 | D | |
| Common Stock | Jun 1, 2016 | F | 4,030 | $25.07 | D | 49,360 | 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 | Jun 1, 2016 | M | 2,700 | D | Jun 1, 2013 | Jun 1, 2019 | Common Stock | 2,700 | 0 | D |
| Restricted Stock UnitF1,F3 | $0.00 | Jun 1, 2016 | M | 10,725 | D | Jun 1, 2016 | Aug 3, 2022 | Common Stock | 10,725 | 75,075 | D |
| Restricted Stock UnitF1,F4 | $0.00 | Jun 1, 2016 | M | 10,725 | D | Jun 1, 2016 | Aug 3, 2022 | Common Stock | 10,725 | 64,350 | D |
| Restricted Stock UnitF1,F5 | $0.00 | Jun 1, 2016 | A | 58,300 | A | Jun 1, 2017 | Jun 1, 2023 | Common Stock | 58,300 | 58,300 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On June 1, 2012, the reporting person was granted 10,800 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service on each applicable vesting date.
- F3On August 3, 2015, the reporting person was granted 42,900 restricted stock units, vesting in four equal annual installments beginning on June 1, 2016 and subject to continued service on each applicable vesting date.
- F4On August 3, 2015, the reporting person was granted 42,900 restricted stock units, vesting in four equal annual installments beginning on June 1, 2016 and subject to continued service on each applicable vesting date.
- F5On June 1, 2016, the reporting person was granted 58,300 restricted stock units, vesting in four equal annual installments beginning on June 1, 2017 and subject to continued service on each applicable vesting date.