SEC Form 4 · accession 0001614094-16-000191
NetApp, Inc. · NTAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald Held
Director
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 5:04 pm EST
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 | Dec 7, 2016 | M | 5,000 | $33.83 | A | 5,259 | D | |
| Common Stock | Dec 7, 2016 | S | 400 | $36.12 | D | 4,859 | D | |
| Common Stock | Dec 7, 2016 | S | 4,600 | $36.11 | D | 259 | D | |
| Common Stock | Dec 8, 2016 | M | 5,000 | $33.83 | A | 5,259 | D | |
| Common Stock | Dec 8, 2016 | S | 5,000 | $36.50 | D | 259 | D | |
| Common Stock | Dec 8, 2016 | M | 10,000 | $33.83 | A | 10,259 | D | |
| Common StockF1 | Dec 8, 2016 | S | 10,000 | $36.6044 | D | 259 | 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 | $33.83 | Dec 7, 2016 | M | 5,000 | D | — | Dec 16, 2016 | Common Stock | 5,000 | 22,500 | D |
| Non-Qualified Stock Option (right to buy)F2 | $33.83 | Dec 8, 2016 | M | 5,000 | D | — | Dec 16, 2016 | Common Stock | 5,000 | 17,500 | D |
| Non-Qualified Stock Option (right to buy)F2 | $33.83 | Dec 8, 2016 | M | 10,000 | D | — | Dec 16, 2016 | Common Stock | 10,000 | 7,500 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $36.60 to $36.64. 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.
- F2The option shares are immediately exercisable as of the grant date and shall initially be unvested and subject to repurchase by the corporation at the exercise price per share. The reporting person shall acquire a vested interest in the option shares, and the corporation's repurchase right shall accordingly lapse, with respect to 12,500 shares upon the completion of one year of service as a member of the corporation's Board of Directors measured from the grant date; and the balance of the shares in a series of three successive equal annual installments upon the completion of each year of Board service over the three-year period measured from the first anniversay of the grant date.