Brad Anderson - 15 Feb 2022 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
EVP, Hybrid Cloud Group
Signature
By: Roberta S Cohen Attorney-in-Fact For: Brad Anderson
Issuer symbol
NTAP
Transactions as of
15 Feb 2022
Net transactions value
-$723,941
Form type
4
Filing time
17 Feb 2022, 15:56:15 UTC
Previous filing
17 Sep 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 +13,750 +21% $0.000000 79,464 15 Feb 2022 Direct
transaction NTAP Common Stock Tax liability $399,968 -4,421 -5.6% $90.47 75,043 15 Feb 2022 Direct
transaction NTAP Common Stock Options Exercise $0 +4,333 +5.8% $0.000000 79,376 15 Feb 2022 Direct
transaction NTAP Common Stock Tax liability $172,074 -1,902 -2.4% $90.47 77,474 15 Feb 2022 Direct
transaction NTAP Common Stock Options Exercise $0 +3,825 +4.9% $0.000000 81,299 15 Feb 2022 Direct
transaction NTAP Common Stock Tax liability $151,899 -1,679 -2.1% $90.47 79,620 15 Feb 2022 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 -13,750 -100% $0.000000* 0 15 Feb 2022 Common Stock 13,750 $0.000000 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -4,333 -22% $0.000000 15,167 15 Feb 2022 Common Stock 4,333 $0.000000 Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise $0 -3,825 -19% $0.000000 16,575 15 Feb 2022 Common Stock 3,825 $0.000000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brad Anderson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On February 23, 2018, the reporting person was granted 55,000 restricted stock units, vesting in four equal annual installments beginning on February 15, 2019 and subject to continued service on each applicable vesting date.
F3 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. In connection with Mr. Anderson's retirement and under the terms of the grant agreement, represents vesting of the number of RSUs that would have vested on the next scheduled vesting date but pro-rated based on the number of completed months of service since the most recent vesting date.
F4 On July 1, 2021, the reporting person was granted 20,400 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2022 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date. In connection with Mr. Anderson's retirement and under the terms of the grant agreement, represents vesting of the number of RSUs that would have vested on the next scheduled vesting date but pro-rated based on the number of completed months of service since the most recent vesting date.