Brad Anderson - May 28, 2021 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, SSSBU and CIBU
Signature
By: Roberta S Cohen Attorney-in-Fact For: Brad Anderson
Stock symbol
NTAP
Transactions as of
May 28, 2021
Transactions value $
-$960,404
Form type
4
Date filed
6/3/2021, 07:35 PM
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Stock Other $21.3K +586 +1.23% $36.27 48.1K May 28, 2021 Direct F1
transaction NTAP Common Stock Options Exercise $0 +4.38K +9.09% $0.00 52.5K Jun 1, 2021 Direct
transaction NTAP Common Stock Tax liability -$147K -1.92K -3.66% $76.71 50.6K Jun 1, 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +6.5K +12.84% $0.00 57.1K Jun 1, 2021 Direct
transaction NTAP Common Stock Tax liability -$219K -2.85K -5% $76.71 54.3K Jun 1, 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +4K +7.37% $0.00 58.3K Jun 1, 2021 Direct
transaction NTAP Common Stock Tax liability -$129K -1.68K -2.88% $76.71 56.6K Jun 1, 2021 Direct
transaction NTAP Common Stock Award $0 +9.19K +16.24% $0.00 65.8K Jun 1, 2021 Direct F2, F3
transaction NTAP Common Stock Tax liability -$309K -4.03K -6.13% $76.71 61.7K Jun 1, 2021 Direct
transaction NTAP Common Stock Award $0 +5.27K +8.53% $0.00 67K Jun 1, 2021 Direct F3, F4
transaction NTAP Common Stock Tax liability -$177K -2.31K -3.45% $76.71 64.7K Jun 1, 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 -4K -50% $0.00 4K Jun 1, 2021 Common Stock 4K $0.00 Direct F5, F6
transaction NTAP Restricted Stock Unit Options Exercise $0 -4.38K -33.33% $0.00 8.75K Jun 1, 2021 Common Stock 4.38K $0.00 Direct F5, F7
transaction NTAP Restricted Stock Unit Options Exercise $0 -6.5K -25% $0.00 19.5K Jun 1, 2021 Common Stock 6.5K $0.00 Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares purchased under the NetApp 1999 Employee Stock Purchase plan on May 28, 2021.
F2 Represents the settlement of TSR performance share units originally granted on June 4, 2018.
F3 Performance stock units convert into stock on a one-for-one basis.
F4 Represents the settlement of AOI performance share units originally granted on June 4, 2018.
F5 Restricted stock units convert into common stock on a one-for-one basis.
F6 On June 4, 2018, the reporting person was granted 16,000 restricted stock units, vesting in four equal annual installments beginning on June 1, 2019 and subject to continued service on each applicable vesting date.
F7 On June 3, 2019, the reporting person was granted 17,500 restricted stock units, vesting in four equal annual installments beginning on June 1, 2020 and subject to continued service on each applicable vesting date.
F8 On July 1, 2020, the reporting person was granted 26,000 restricted stock units, vesting in four equal annual installments beginning on June 1, 2021 and subject to continued service on each applicable vesting date.