John Downing - Jun 3, 2021 Form 4 Insider Report for NETSCOUT SYSTEMS INC (NTCT)

Role
EVP, World-Wide Sales
Signature
/s/ John Downing
Stock symbol
NTCT
Transactions as of
Jun 3, 2021
Transactions value $
-$64,343
Form type
4
Date filed
6/7/2021, 07:38 PM
Previous filing
May 12, 2021
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTCT Common Stock Options Exercise +7.5K +8.19% 99.1K Jun 3, 2021 Direct F1, F2
transaction NTCT Common Stock Tax liability -$64.3K -2.2K -2.22% $29.26 96.9K Jun 3, 2021 Direct F3, F4

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 NTCT Restricted Stock Unit Options Exercise -7.5K -10% 67.5K Jun 3, 2021 Common Stock 7.5K Direct F2, F5
transaction NTCT Restricted Stock Unit Award +27K +40% 94.5K Jun 4, 2021 Common Stock 27K Direct F2, F5, F6
transaction NTCT Performance Stock Unit Award +18K 18K Jun 4, 2021 Common Stock 18K Direct F2, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were acquired upon the vesting of certain restricted stock units previously granted to the reporting person.
F2 The price is N/A.
F3 The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
F4 Represents the closing price of the Company's Common Stock on June 2, 2021.
F5 Date is N/A.
F6 The restricted stock units vest in four equal annual installments with the first installment vesting on June 3, 2022.
F7 The performance stock units shall vest in a range of 0% to 100% upon the determination of the Compensation Committee of the Board of the attainment of the required relative total shareholder return over the 36-month period commencing on June 4, 2021, and ending on June 3, 2024.