George Kurian - 01 Jun 2021 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
CEO, Director
Signature
By: Roberta S Cohen Attorney-in-Fact For: George Kurian
Issuer symbol
NTAP
Transactions as of
01 Jun 2021
Net transactions value
-$4,022,212
Form type
4
Filing time
03 Jun 2021, 19:38:46 UTC
Previous filing
02 Jun 2021
Next filing
06 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Stock Options Exercise $0 +14,250 +12% $0.000000 129,751 01 Jun 2021 Direct
transaction NTAP Common Stock Tax liability $541,956 -7,065 -5.4% $76.71 122,686 01 Jun 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +8,500 +6.9% $0.000000 131,186 01 Jun 2021 Direct
transaction NTAP Common Stock Tax liability $323,256 -4,214 -3.2% $76.71 126,972 01 Jun 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +9,250 +7.3% $0.000000 136,222 01 Jun 2021 Direct
transaction NTAP Common Stock Tax liability $351,792 -4,586 -3.4% $76.71 131,636 01 Jun 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +13,875 +11% $0.000000 145,511 01 Jun 2021 Direct
transaction NTAP Common Stock Tax liability $527,688 -6,879 -4.7% $76.71 138,632 01 Jun 2021 Direct
transaction NTAP Common Stock Award $0 +38,062 +27% $0.000000 176,694 01 Jun 2021 Direct F1, F2
transaction NTAP Common Stock Tax liability $1,447,594 -18,871 -11% $76.71 157,823 01 Jun 2021 Direct
transaction NTAP Common Stock Award $0 +21,822 +14% $0.000000 179,645 01 Jun 2021 Direct F2, F3
transaction NTAP Common Stock Tax liability $829,925 -10,819 -6% $76.71 168,826 01 Jun 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 -14,250 -100% $0.000000* 0 01 Jun 2021 Common Stock 14,250 $0.000000 Direct F4, F5
transaction NTAP Restricted Stock Unit Options Exercise $0 -8,500 -50% $0.000000 8,500 01 Jun 2021 Common Stock 8,500 $0.000000 Direct F4, F6
transaction NTAP Restricted Stock Unit Options Exercise $0 -9,250 -33% $0.000000 18,500 01 Jun 2021 Common Stock 9,250 $0.000000 Direct F4, F7
transaction NTAP Restricted Stock Unit Options Exercise $0 -13,875 -25% $0.000000 41,625 01 Jun 2021 Common Stock 13,875 $0.000000 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.