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NETGEAR director just disposed of 6,150 shares

Jef Graham, a director of NETGEAR, recently disposed of 6,150 shares of the company. The disposals took place at $40.00 per share, on April 27, 2016. Graham still owns 14,726 shares of the company. Graham operates out of San Jose, CA. Some additional info was provided as follows:

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 February 12, 2016. This stock option becomes exercisable at a rate of 1/3rd of the option on each anniversary of 7/1/05, the grant date, such that the entire option will be exerciseable on the third anniversary of the grant date. The option was granted under the NETGEAR, Inc. 2006 Long-Term Incentive Plan. The option becomes exercisable in full on the date of the Issuer's 2010 Annual Meeting of Stockholders.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

SVP of NETGEAR just cashed-in 3,054 options - April 28, 2016

Additional definitive proxy soliciting materials and Rule 14(a)(12) material - April 20, 2016
NETGEAR releases salary data. CEO sees compensation rise 4% - April 20, 2016