SEC Form 4 · accession 0001614094-16-000146
NetApp, Inc. · NTAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George T Shaheen
Director
Period of report
Aug 25, 2016
Accepted (ET)
Aug 26, 2016 · 5:45 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 | Aug 25, 2016 | M | 20,000 | $34.24 | A | 20,000 | D | |
| Common StockF1 | Aug 25, 2016 | S | 20,000 | $35.0129 | D | 0 | D | |
| Common Stock | Aug 25, 2016 | M | 10,000 | $29.50 | A | 10,000 | D | |
| Common StockF1 | Aug 25, 2016 | S | 10,000 | $35.0129 | D | 0 | D | |
| Common StockF2 | holding | — | — | — | 4,466 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $29.50 | Aug 25, 2016 | M | 10,000 | D | — | Oct 13, 2016 | Common Stock | 10,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $34.24 | Aug 25, 2016 | M | 20,000 | D | — | Aug 30, 2016 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $35.00 to $35.06. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- F2Shares held in trust by George T. Shaheen and Darlene F. Shaheen, Trustees to the Shaheen Revocable Trust U/A DTD 12/15/88
- F3The option is immediately exercisable, but any shares purchased under the option will be subject to repurchase by the Company at the option exercise price paid per share, upon the reporting person's cessation of Board service prior to vesting in those shares. The shares will vest upon the reporting person's continuation in Board service through the day immediately preceding the next Annual Stockholders Meeting following the grant date.