SEC Form 4 · accession 0001614094-18-000015
NetApp, Inc. · NTAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel D Reich
Officer — Exec VP, Product Operations
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 4:19 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 | Mar 2, 2018 | M | 5,000 | $53.22 | A | 5,000 | D | |
| Common Stock | Mar 2, 2018 | M | 3,391 | $37.64 | A | 8,391 | D | |
| Common Stock | Mar 2, 2018 | M | 3,250 | $36.59 | A | 11,641 | D | |
| Common StockF1 | Mar 2, 2018 | S | 11,641 | $60.0184 | D | 0 | 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 | $36.59 | Mar 2, 2018 | M | 3,250 | D | Jul 3, 2014 | Jun 2, 2021 | Common Stock | 3,250 | 1,400 | D |
| Non-Qualified Stock Option (right to buy)F3 | $37.64 | Mar 2, 2018 | M | 3,391 | D | Jul 3, 2013 | Jun 2, 2020 | Common Stock | 3,391 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $53.22 | Mar 2, 2018 | M | 5,000 | D | Jul 1, 2011 | May 31, 2018 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $60.01 to $60.06. 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.
- F2On June 3, 2014, the reporting person was granted 16,800 nonqualified stock options, subject to the option vesting monthly in equal installments over four years beginning on July 3, 2014, subject to continued service on each applicable vesting date.
- F3On June 3, 2013, the reporting person was granted 14,400 nonqualified stock options, subject to the option vesting monthly in equal installments over four years beginning on July 3, 2013, subject to continued service on each applicable vesting date.
- F4On June 1, 2011, the reporting person was granted 10,000 nonqualified stock options, subject to the option vesting monthly in equal installments over four years beginning on July 1, 2011, subject to continued service on each applicable vesting date.