Brad Anderson - Feb 15, 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
Stock symbol
NTAP
Transactions as of
Feb 15, 2022
Transactions value $
-$723,941
Form type
4
Date filed
2/17/2022, 03:56 PM
Previous filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTAP Common Stock Options Exercise $0 +13.8K +20.92% $0.00 79.5K Feb 15, 2022 Direct
transaction NTAP Common Stock Tax liability -$400K -4.42K -5.56% $90.47 75K Feb 15, 2022 Direct
transaction NTAP Common Stock Options Exercise $0 +4.33K +5.77% $0.00 79.4K Feb 15, 2022 Direct
transaction NTAP Common Stock Tax liability -$172K -1.9K -2.4% $90.47 77.5K Feb 15, 2022 Direct
transaction NTAP Common Stock Options Exercise $0 +3.83K +4.94% $0.00 81.3K Feb 15, 2022 Direct
transaction NTAP Common Stock Tax liability -$152K -1.68K -2.07% $90.47 79.6K Feb 15, 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 -13.8K -100% $0.00* 0 Feb 15, 2022 Common Stock 13.8K $0.00 Direct F1, F2
transaction NTAP Restricted Stock Unit Options Exercise $0 -4.33K -22.22% $0.00 15.2K Feb 15, 2022 Common Stock 4.33K $0.00 Direct F1, F3
transaction NTAP Restricted Stock Unit Options Exercise $0 -3.83K -18.75% $0.00 16.6K Feb 15, 2022 Common Stock 3.83K $0.00 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.