SEC Form 4 · accession 0001614094-16-000147
NetApp, Inc. · NTAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Kurian
Officer — CEO · Director
Period of report
Aug 26, 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 26, 2016 | M | 32,500 | $29.44 | A | 92,746 | D | |
| Common StockF1 | Aug 26, 2016 | S | 48,176 | $34.8709 | D | 44,570 | D |
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)F2 | $29.44 | Aug 26, 2016 | M | 32,500 | D | — | May 31, 2019 | Common Stock | 32,500 | 0 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $34.75 to $34.95. 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.
- F2Option vests in a series of equal monthly installments over 48 months of service beginning with the one-month annniversary of the grant date.