Cesar Cernuda - Aug 15, 2021 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
President
Signature
By: Roberta S Cohen Attorney-in-Fact For: Cesar Cernuda
Stock symbol
NTAP
Transactions as of
Aug 15, 2021
Transactions value $
-$1,501,939
Form type
4
Date filed
8/17/2021, 04:18 PM
Previous filing
Jul 6, 2021
Next filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Stock Options Exercise $0 +34.6K +91.71% $0.00 72.3K Aug 15, 2021 Direct F1
transaction NTAP Common Stock Tax liability -$683K -8.3K -11.48% $82.28 64K Aug 15, 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +30K +46.83% $0.00 93.9K Aug 15, 2021 Direct F1
transaction NTAP Common Stock Tax liability -$592K -7.19K -7.65% $82.28 86.7K Aug 15, 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +11.5K +13.29% $0.00 98.3K Aug 15, 2021 Direct F1
transaction NTAP Common Stock Tax liability -$228K -2.77K -2.81% $82.28 95.5K Aug 15, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTAP Restricted Stock Unit Options Exercise $0 -34.6K -24.59% $0.00 106K Aug 15, 2021 Common Stock 34.6K $0.00 Direct F2, F3
transaction NTAP Restricted Stock Unit Options Exercise $0 -30K -28.26% $0.00 76.1K Aug 15, 2021 Common Stock 30K $0.00 Direct F2, F4
transaction NTAP Restricted Stock Unit Options Exercise $0 -11.5K -15.15% $0.00 64.5K Aug 15, 2021 Common Stock 11.5K $0.00 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Non-Derivative Securities Beneficially Owned includes shares acquired under NetApp Employee Stock Purchase Plan on May 31, 2013.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 On August 17, 2020, the reporting person was granted 69,146 restricted stock units, with 50% vesting on August 15, 2021, and the remaining 50% vesting on August 15, 2022, subject to continued service on each applicable vesting date.
F4 On August 17, 2020, the reporting person was granted 59,927 restricted stock units, with 50% vesting on August 15, 2021, and the remaining 50% vesting on August 15, 2022, subject to continued service on each applicable vesting date.
F5 On August 17, 2020, the reporting person was granted 57,622 restricted stock units, with 80% vesting on December 31, 2020, and the remaining 20% vesting on August 15, 2021, subject to continued service on each applicable vesting date.