SEC Form 4 · accession 0001122904-18-000248
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
Sep 10, 2018
Accepted (ET)
Sep 12, 2018 · 4:10 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 Stock | Sep 10, 2018 | M | 750 | $42.70 | A | 27,547 | D | |
| Common Stock | Sep 10, 2018 | M | 750 | $39.53 | A | 28,297 | D | |
| Common Stock | Sep 10, 2018 | M | 750 | $31.28 | A | 29,047 | D | |
| Common Stock | Sep 10, 2018 | S | 2,250 | $66.20 | D | 26,797 | 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 | $31.28 | Sep 10, 2018 | M | 750 | D | Jun 2, 2015 | Jun 2, 2025 | Common Stock | 750 | 3,375 | D |
| Employee Stock Option (Right to Buy)F3 | $39.53 | Sep 10, 2018 | M | 750 | D | Mar 24, 2016 | Mar 24, 2026 | Common Stock | 750 | 7,125 | D |
| Director Stock Option (right to buy)F4 | $42.70 | Sep 10, 2018 | M | 750 | D | — | Jun 1, 2027 | Common Stock | 750 | 12,375 | D |
| Common StockF3 | $70.15 | holding | — | — | — | — | Jan 25, 2028 | 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 October 27, 2017.
- F225% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.
- F3This 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.
- F4This 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, June 1, 2017, 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.