CESAR CERNUDA - 15 Aug 2021 Form 4 Insider Report for NetApp, Inc. (NTAP)

Role
President
Signature
By: Roberta S Cohen Attorney-in-Fact For: Cesar Cernuda
Issuer symbol
NTAP
Transactions as of
15 Aug 2021
Net transactions value
-$1,501,939
Form type
4
Filing time
17 Aug 2021, 16:18:47 UTC
Previous filing
06 Jul 2021
Next 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 +34,573 +92% $0.000000 72,273 15 Aug 2021 Direct F1
transaction NTAP Common Stock Tax liability $682,677 -8,297 -11% $82.28 63,976 15 Aug 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +29,963 +47% $0.000000 93,939 15 Aug 2021 Direct F1
transaction NTAP Common Stock Tax liability $591,675 -7,191 -7.7% $82.28 86,748 15 Aug 2021 Direct
transaction NTAP Common Stock Options Exercise $0 +11,525 +13% $0.000000 98,273 15 Aug 2021 Direct F1
transaction NTAP Common Stock Tax liability $227,586 -2,766 -2.8% $82.28 95,507 15 Aug 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 -34,573 -25% $0.000000 106,025 15 Aug 2021 Common Stock 34,573 $0.000000 Direct F2, F3
transaction NTAP Restricted Stock Unit Options Exercise $0 -29,963 -28% $0.000000 76,062 15 Aug 2021 Common Stock 29,963 $0.000000 Direct F2, F4
transaction NTAP Restricted Stock Unit Options Exercise $0 -11,525 -15% $0.000000 64,537 15 Aug 2021 Common Stock 11,525 $0.000000 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Non-Derivative Securities Beneficially Owned includes shares acquired under NetApp Employee Stock Purchase Plan on May 31, 2013.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 On August 17, 2020, the reporting person was granted 69,146 restricted stock units, with 50% vesting on August 15, 2021, and the remaining 50% vesting on August 15, 2022, subject to continued service on each applicable vesting date.
F4 On August 17, 2020, the reporting person was granted 59,927 restricted stock units, with 50% vesting on August 15, 2021, and the remaining 50% vesting on August 15, 2022, subject to continued service on each applicable vesting date.
F5 On August 17, 2020, the reporting person was granted 57,622 restricted stock units, with 80% vesting on December 31, 2020, and the remaining 20% vesting on August 15, 2021, subject to continued service on each applicable vesting date.