SEC Form 4 · accession 0001122904-16-000392
NETGEAR, INC. · NTGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael F Falcon
Officer — SVP, Operations
Period of report
Oct 11, 2016
Accepted (ET)
Oct 12, 2016 · 6:59 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 StockF2 | Oct 11, 2016 | S | 3,000 | $54.87 | D | 32,349 | D | |
| Common StockF2 | Oct 11, 2016 | S | 2,000 | $54.88 | D | 30,349 | 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 | $32.54 | holding | — | — | — | — | May 16, 2023 | Common Stock | 4,167 | 4,167 | D |
| Employee Stock Option (Right to Buy)F4 | $32.52 | holding | — | — | — | — | Jun 3, 2024 | Common Stock | 10,417 | 10,417 | D |
| Employee Stock Option (Right to Buy)F5 | $31.28 | holding | — | — | — | — | Jun 2, 2025 | Common Stock | 22,917 | 22,917 | D |
| Employee Stock Option (Right to Buy)F5 | $39.53 | holding | — | — | — | — | Mar 24, 2026 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2016, amended August 12, 2016.
- F2The price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold. Upon request from the Commission staff, the Issuer, or a security holders of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- F325% of the option grant is exercisable on 5/16/2014, and 1/48 of the option grant is exercisable each month thereafter.
- F425% of the options will be exercisable on 6/03/2015, and 1/48 of the option grant is exercisable each month thereafter.
- F5This 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.