SEC Form 4 · accession 0001122904-16-000424
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
Nov 17, 2016
Accepted (ET)
Nov 17, 2016 · 5:07 pm EST
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 Stock | Nov 17, 2016 | M | 1,125 | $32.54 | A | 25,875 | D | |
| Common Stock | Nov 17, 2016 | M | 750 | $32.52 | A | 26,625 | D | |
| Common Stock | Nov 17, 2016 | M | 750 | $31.28 | A | 27,375 | D | |
| Common Stock | Nov 17, 2016 | S | 2,625 | $51.00 | D | 24,750 | 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)F2 | $32.54 | Nov 17, 2016 | M | 1,125 | D | May 6, 2013 | May 6, 2023 | Common Stock | 1,125 | 2,250 | D |
| Employee Stock Option (Right to Buy)F3 | $32.52 | Nov 17, 2016 | M | 750 | D | Jun 3, 2014 | Jun 3, 2024 | Common Stock | 750 | 7,125 | D |
| Employee Stock Option (Right to Buy)F4 | $31.28 | Nov 17, 2016 | M | 750 | D | Jun 2, 2015 | Jun 2, 2025 | Common Stock | 750 | 11,625 | D |
| Employee Stock Option (Right to Buy)F5 | $39.53 | holding | — | — | — | Mar 24, 2016 | Mar 24, 2026 | Common Stock | 18,000 | 18,000 | 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 8, 2016.
- F225% of the option grant is exercisable on 5/6/2014, and 1/48 of the option grant is exercisable each month thereafter.
- 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 6/2/2016, 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.