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NTGR NETGEAR Inc

11.7299
-0.0501 (-0.43%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NETGEAR Inc NASDAQ:NTGR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0501 -0.43% 11.7299 11.65 11.73 12.12 11.515 12.12 581,269 00:14:05

Statement of Changes in Beneficial Ownership (4)

03/12/2020 7:05pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WERDANN MICHAEL A
2. Issuer Name and Ticker or Trading Symbol

NETGEAR, INC. [ NTGR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP, World Wide Sales
(Last)          (First)          (Middle)

350 E. PLUMERIA DR.
3. Date of Earliest Transaction (MM/DD/YYYY)

12/2/2020
(Street)

SAN JOSE, CA 95134
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/2/2020  M(1)  1250 A$26.61 41853 D  
Common Stock 12/2/2020  S(1)  1250 D$33.00 40603 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy) $18.58            (2)6/2/2025 Common Stock 16  16 D  
Employee Stock Option (Right to Buy) $23.48            (3)3/24/2026 Common Stock 41  41 D  
Employee Stock Option (Right to Buy) $25.37            (4)6/1/2027 Common Stock 3429  3429 D  
Employee Stock Option (Right to Buy) $41.67            (3)1/25/2028 Common Stock 18000  18000 D  
Employee Stock Option (Right to Buy) $26.61 12/2/2020  M (1)    1250   (3)7/19/2029 Common Stock 1250 $0.00 20625 D  

Explanation of Responses:
(1) The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2019.
(2) 25% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.
(3) This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.
(4) This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, June 1, 2017, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
WERDANN MICHAEL A
350 E. PLUMERIA DR.
SAN JOSE, CA 95134


SVP, World Wide Sales

Signatures
/s/ Andrew W. Kim, Attorney in Fact12/3/2020
**Signature of Reporting PersonDate

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