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NETGEAR's Chairman and CEO just cashed-in 11,800 options

Patrick Cs Lo, NETGEAR's Chairman and CEO and a director of the company, recently cashed-in 11,800 options. The options were exercised at $22.68, while the disposals took place at $35.65 per share, on October 23, 2015. Lo continues to hold 406,552 shares of the company. Lo operates out of San Jose, CA. Some additional info was provided as follows:

The shares are held by the Patrick and Emily Lo Revocable Trust dated 4-7-99. The shares are held by the education trusts of Mr. Lo's children. Mr. Lo is a co-trustee of each such trust. 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 October 28, 2014. 25% of the option grant is exercisable on 5/23/2007, and 1/48 of the option grant is ex ercisable each month thereafter. 25% of the option grant is...