SEC Form 4 · accession 0001614094-18-000127
NetApp, Inc. · NTAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Kurian
Officer — CEO · Director
Period of report
Nov 1, 2018
Accepted (ET)
Nov 5, 2018 · 4:14 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 | Nov 1, 2018 | M | 6,000 | $40.70 | A | 18,044 | D | |
| Common StockF2 | Nov 1, 2018 | S | 6,000 | $78.3538 | D | 12,044 | 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)F3 | $40.70 | Nov 1, 2018 | M | 6,000 | D | Sep 20, 2014 | Oct 14, 2020 | Common Stock | 6,000 | 0 | D |
Explanation of responses
- F1The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 1, 2017.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $78.05 to $79.00. 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.
- F3On October 15, 2013, the reporting person was granted 36,000 stock options of which 25% vested on September 20,2014. The balance of the shares vested monthly in equal installments over the next 36 months following September 20,2014, subject to continued service on each applicable vesting date.