JOHN DOWNING - 03 Jun 2021 Form 4 Insider Report for NETSCOUT SYSTEMS INC (NTCT)

Role
EVP, World-Wide Sales
Signature
/s/ John Downing
Issuer symbol
NTCT
Transactions as of
03 Jun 2021
Net transactions value
-$64,343
Form type
4
Filing time
07 Jun 2021, 19:38:23 UTC
Previous filing
12 May 2021
Next filing
03 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTCT Common Stock Options Exercise +7,500 +8.2% 99,116 03 Jun 2021 Direct F1, F2
transaction NTCT Common Stock Tax liability $64,343 -2,199 -2.2% $29.26 96,917 03 Jun 2021 Direct F3, F4

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 NTCT Restricted Stock Unit Options Exercise -7,500 -10% 67,500 03 Jun 2021 Common Stock 7,500 Direct F2, F5
transaction NTCT Restricted Stock Unit Award +27,000 +40% 94,500 04 Jun 2021 Common Stock 27,000 Direct F2, F5, F6
transaction NTCT Performance Stock Unit Award +18,000 18,000 04 Jun 2021 Common Stock 18,000 Direct F2, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were acquired upon the vesting of certain restricted stock units previously granted to the reporting person.
F2 The price is N/A.
F3 The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
F4 Represents the closing price of the Company's Common Stock on June 2, 2021.
F5 Date is N/A.
F6 The restricted stock units vest in four equal annual installments with the first installment vesting on June 3, 2022.
F7 The performance stock units shall vest in a range of 0% to 100% upon the determination of the Compensation Committee of the Board of the attainment of the required relative total shareholder return over the 36-month period commencing on June 4, 2021, and ending on June 3, 2024.