George Kurian - Jun 1, 2021 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
CEO, Director
Signature
By: Roberta S Cohen Attorney-in-Fact For: George Kurian
Stock symbol
NTAP
Transactions as of
Jun 1, 2021
Transactions value $
-$4,022,212
Form type
4
Date filed
6/3/2021, 07:38 PM
Previous filing
Jun 2, 2021
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Stock Options Exercise $0 +14.3K +12.34% $0.00 130K Jun 1, 2021 Direct
transaction NTAP Common Stock Tax liability -$542K -7.07K -5.45% $76.71 123K Jun 1, 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +8.5K +6.93% $0.00 131K Jun 1, 2021 Direct
transaction NTAP Common Stock Tax liability -$323K -4.21K -3.21% $76.71 127K Jun 1, 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +9.25K +7.29% $0.00 136K Jun 1, 2021 Direct
transaction NTAP Common Stock Tax liability -$352K -4.59K -3.37% $76.71 132K Jun 1, 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +13.9K +10.54% $0.00 146K Jun 1, 2021 Direct
transaction NTAP Common Stock Tax liability -$528K -6.88K -4.73% $76.71 139K Jun 1, 2021 Direct
transaction NTAP Common Stock Award $0 +38.1K +27.46% $0.00 177K Jun 1, 2021 Direct F1, F2
transaction NTAP Common Stock Tax liability -$1.45M -18.9K -10.68% $76.71 158K Jun 1, 2021 Direct
transaction NTAP Common Stock Award $0 +21.8K +13.83% $0.00 180K Jun 1, 2021 Direct F2, F3
transaction NTAP Common Stock Tax liability -$830K -10.8K -6.02% $76.71 169K 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 -14.3K -100% $0.00* 0 Jun 1, 2021 Common Stock 14.3K $0.00 Direct F4, F5
transaction NTAP Restricted Stock Unit Options Exercise $0 -8.5K -50% $0.00 8.5K Jun 1, 2021 Common Stock 8.5K $0.00 Direct F4, F6
transaction NTAP Restricted Stock Unit Options Exercise $0 -9.25K -33.33% $0.00 18.5K Jun 1, 2021 Common Stock 9.25K $0.00 Direct F4, F7
transaction NTAP Restricted Stock Unit Options Exercise $0 -13.9K -25% $0.00 41.6K Jun 1, 2021 Common Stock 13.9K $0.00 Direct F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement of TSR performance share units originally granted on June 4, 2018.
F2 Performance stock units convert into stock on a one-for-one basis.
F3 Represents the settlement of AOI performance share units originally granted on June 4, 2018.
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 On June 1, 2017, the reporting person was granted 57,000 restricted stock units, vesting in four equal annual installments beginning on June 1, 2018 and subject to continued service on each applicable vesting date.
F6 On June 4, 2018, the reporting person was granted 34,000 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 37,000 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 55,500 restricted stock units, vesting in four equal annual installments beginning on June 1, 2021 and subject to continued service on each applicable vesting date.