SEC Form 4 · accession 0001209191-15-001307
NETGEAR, INC. · NTGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Cs Lo
Officer — Chairman and CEO · Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 5, 2015 · 6:02 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 | Jan 2, 2015 | M | 1,358 | $15.35 | A | 107,875 | D | |
| Common Stock | Jan 2, 2015 | M | 5,900 | $22.68 | A | 113,775 | D | |
| Common Stock | Jan 2, 2015 | S | 7,258 | $35.54 | D | 106,517 | D | |
| Common StockF1 | holding | — | — | — | 131,750 | I | See footnote | |
| Common StockF2 | holding | — | — | — | 147,668 | I | See footnote |
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)F4 | $22.68 | Jan 2, 2015 | M | 5,900 | D | — | May 23, 2016 | Common Stock | 5,900 | 94,100 | D |
| Employee Stock Option (Right to Buy)F6,F5 | $15.35 | Jan 2, 2015 | M | 1,358 | D | — | Mar 11, 2015 | Common Stock | 1,358 | 0 | D |
| Employee Stock Option (Right to Buy)F7 | $29.23 | holding | — | — | — | — | Jan 12, 2017 | Common Stock | 100,000 | 100,000 | D |
| Employee Stock Option (Right to Buy)F8 | $28.79 | holding | — | — | — | — | Jan 11, 2018 | Common Stock | 100,000 | 100,000 | D |
| Employee Stock Option (Right to Buy)F9 | $11.41 | holding | — | — | — | — | Jan 16, 2019 | Common Stock | 90,000 | 90,000 | D |
| Employee Stock Option (Right to Buy)F10 | $21.10 | holding | — | — | — | — | Feb 2, 2020 | Common Stock | 100,000 | 100,000 | D |
| Employee Stock Option (Right to Buy)F11 | $20.80 | holding | — | — | — | — | Jun 13, 2020 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Option (Right to Buy)F12 | $35.32 | holding | — | — | — | — | Feb 3, 2021 | Common Stock | 100,000 | 100,000 | D |
| Employee Stock Option (Right to Buy)F13 | $33.15 | holding | — | — | — | — | Apr 26, 2021 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Option (Right to Buy)F14 | $31.31 | holding | — | — | — | — | Jun 6, 2022 | Common Stock | 100,000 | 100,000 | D |
| Employee Stock Option (Right to Buy)F15 | $32.54 | holding | — | — | — | — | May 16, 2023 | Common Stock | 108,510 | 108,510 | D |
| Employee Stock Option (Right to Buy)F16 | $32.52 | holding | — | — | — | — | Jun 3, 2024 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The shares are held by the Patrick and Emily Lo Revocable Trust dated 4-7-99.
- F1025% of the option grant is exercisable on 2/2/2011, and 1/48 of the option grant is exercisable each month thereafter.
- F1125% of the shares subject to the option shall vest twelve months on 6/13/2011, and 1/48th 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.
- F1225% of the option grant is exercisable on 2/3/2012, and 1/48 of the option grant is exercisable each month thereafter.
- F1325% of the option grant is exercisable on 4/26/2012, and 1/48 of the option grant is exercisable each month thereafter.
- F1425% of the option grant is exercisable on 6/6/2013, and 1/48 of the option grant is exercisable each month thereafter.
- F1525% of the option grant is exercisable on 5/16/2014, and 1/48 of the option grant is exercisable each month thereafter.
- F1625% of the options will be exercisable on 6/03/2015, and 1/48 of the option grant is exercisable each month thereafter.
- F2The shares are held by the education trusts of Mr. Lo's children. Mr. Lo is a co-trustee of each such trust.
- F3The 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 28, 2014.
- F425% of the option grant is exercisable on 5/23/2007, and 1/48 of the option grant is exercisable each month thereafter.
- F5100% of this grant option is exercisable on 3/11/05, the grant date. Shares underlying the option are restricted from transfer, with the restriction lapsing with respect to 25% of the shares on each subsequent anniversary of the grant date, so that all underlying shares will be free from transfer restrictions on 3/11/09.
- F6Previous total number of shares was reported incorrectly. 1358 shares remained before current transaction.
- F725% of the option grant is exercisable on 1/12/2008, and 1/48 of the option grant is exercisable each month thereafter.
- F825% of the option grant is exercisable on 1/11/2009, and 1/48 of the option grant is exercisable each month thereafter.
- F925% of the option grant is exercisable on 1/16/2010, and 1/48 of the option grant is exercisable each month thereafter.