SEC Form 4 · accession 0001122904-16-000148
NETGEAR, INC. · NTGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Werdann
Officer — SVP of Worldwide Sales
Period of report
Mar 24, 2016
Accepted (ET)
Mar 28, 2016 · 8:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001122904
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 24, 2016 | A | 5,000 | $0.00 | A | 41,346 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $32.52 | holding | — | — | — | Jun 3, 2014 | Jun 3, 2024 | Common Stock | 18,000 | 18,000 | D |
| Employee Stock Option (Right to Buy)F4 | $38.01 | holding | — | — | — | May 24, 2011 | May 24, 2021 | Common Stock | 10,000 | 10,000 | D |
| Employee Stock Option (Right to Buy)F5 | $35.32 | holding | — | — | — | Feb 3, 2011 | Feb 3, 2021 | Common Stock | 9,376 | 9,376 | D |
| Employee Stock Option (Right to Buy)F6 | $32.54 | holding | — | — | — | May 6, 2013 | May 6, 2023 | Common Stock | 11,250 | 11,250 | D |
| Employee Stock Option (Right to Buy)F7 | $33.15 | holding | — | — | — | Apr 26, 2011 | Apr 26, 2021 | Common Stock | 300 | 300 | D |
| Employee Stock Option (Right to Buy)F8 | $31.31 | holding | — | — | — | Jun 6, 2012 | Jun 6, 2022 | Common Stock | 5,938 | 5,938 | D |
| Employee Stock Option (Right to Buy)F9 | $31.28 | holding | — | — | — | Jun 2, 2015 | Jun 2, 2025 | Common Stock | 18,000 | 18,000 | D |
| Employee Stock Option (Right to Buy)F10 | $39.53 | holding | — | — | — | Mar 24, 2016 | Mar 24, 2026 | Common Stock | 18,000 | 18,000 | D |
Explanation of responses
- F1This RSU shall vest, in whole or in part, in accordance with the following schedule: 1/4 each year on the anniversary of the Vesting Start Date, March 31, 2016, subject to the recipient continuing to be a Service Provider on such dates.
- F10This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.
- F2Includes 756 shares acquired under the NETGEAR, Inc. Employee Stock Purchase Plan
- F325% of the option grant is exercisable on 6/3/2015, and 1/48 of the option grant is exercisable each month thereafter.
- F425% of the option grant is exercisable on 5/24/2012, and 1/48 of the option grant is exercisable each month thereafter.
- F525% of the option grant is exercisable on 2/3/2012, and 1/48 of the option grant is exercisable each month thereafter.
- F625% of the option grant is exercisable on 5/6/2014, and 1/48 of the option grant is exercisable each month thereafter.
- F725% of the option grant is exercisable on 4/26/2012, and 1/48 of the option grant is exercisable each month thereafter.
- F825% of the option grant is exercisable on 6/6/2013, and 1/48 of the option grant is exercisable each month thereafter.
- F925% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.