Kathryn Hill - Sep 9, 2021 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
Director
Signature
By: Roberta S Cohen Attorney-in-Fact For: Kathryn Hill
Stock symbol
NTAP
Transactions as of
Sep 9, 2021
Transactions value $
$0
Form type
4
Date filed
9/13/2021, 04:24 PM
Previous filing
Jun 11, 2021
Next filing
Sep 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Stock Options Exercise $0 +5.63K +16.44% $0.00 39.9K Sep 9, 2021 by Trust

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 -5.63K -100% $0.00* 0 Sep 9, 2021 Common Stock 5.63K $0.00 Direct F1, F2
transaction NTAP Restricted Stock Unit Award $0 +2.71K $0.00 2.71K Sep 10, 2021 Common Stock 2.71K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On September 10, 2020, the reporting person was granted 5,634 restricted stock units which vest on the day immediately preceding the date of the next Annual Stockholders Meeting of the Company following the Grant Date, subject to the subject to the Participant's continuous service on the Board through such date.
F3 On September 10, 2021, the reporting person was granted 2,707 restricted stock units. The shares will vest upon the reporting person's continuation in Board service through the day immediately preceding the next Annual Stockholders Meeting following the grant date. Vested shares will be delivered to the reporting person upon the earlier of: (i) date the reporting person ceases to serve as a Board member; (ii) date on which a Change of Control occurs.