0001193125-14-036344.txt : 20140205 0001193125-14-036344.hdr.sgml : 20140205 20140205120036 ACCESSION NUMBER: 0001193125-14-036344 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140205 DATE AS OF CHANGE: 20140205 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NETGEAR, INC CENTRAL INDEX KEY: 0001122904 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 770419172 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79527 FILM NUMBER: 14575193 BUSINESS ADDRESS: STREET 1: 350 EAST PLUMERIA DRIVE CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4089078000 MAIL ADDRESS: STREET 1: 350 EAST PLUMERIA DRIVE CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: NETGEAR INC DATE OF NAME CHANGE: 20000828 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DnB Asset Management AS CENTRAL INDEX KEY: 0001456670 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: DRONNING EUFEMIAS GATE 30 CITY: OSLO STATE: Q8 ZIP: N-0191 BUSINESS PHONE: 0114791503000 MAIL ADDRESS: STREET 1: DRONNING EUFEMIAS GATE 30 CITY: OSLO STATE: Q8 ZIP: N-0191 FORMER COMPANY: FORMER CONFORMED NAME: DnB NOR Asset Management AS DATE OF NAME CHANGE: 20090219 SC 13G 1 d667504dsc13g.htm SCHEDULE 13G Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13G

Under the Securities Exchange Act of 1934

(Amendment No.         )

 

 

NETGEAR, Inc.

 

(Name of Issuer)

Common Stock, $0.001 par value per share

 

(Title of Class of Securities)

64111Q 10 4

 

(CUSIP Number)

December 31, 2013

 

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

 

 

 

CUSIP NO. 64111Q 10 4   Page 2 of 5

 

  (1)   

Names of reporting persons

I.R.S. Identification Nos. of above persons (entities only):

 

DNB Asset Management AS

  (2)  

Check the appropriate box if a member of a group:

(a)  ¨        (b)  ¨

 

  (3)  

SEC use only:

 

  (4)  

Citizenship or place of organization:

 

Kingdom of Norway

Number of

shares

beneficially

owned by

each

reporting

person

with:

    (5)    

Sole voting power:

 

2,326,192

   (6)   

Shared voting power:

 

0

   (7)   

Sole dispositive power:

 

2,326,192

   (8)   

Shared dispositive power:

 

0

  (9)  

Aggregate amount beneficially owned by each reporting person:

 

2,326,192 (see Item 4)

(10)  

Check if the aggregate amount in Row (9) excludes certain shares ¨

 

(11)  

Percent of class represented by amount in Row (9):

 

6.0%

(12)  

Type of reporting person:

 

IA

 

CUSIP NO. 64111Q 10 4   Page 3 of 5

 

Item 1(a). Name of issuer:

NETGEAR, Inc.

 

Item 1(b). Address of issuer’s principal executive offices:

350 East Plumeria Drive

San Jose, CA 95134

 

Item 2(a). Names of person filing:

DNB Asset Management AS

 

Item 2(b). Address of principal business office:

Dronning Aufemias Gate 30, Bygg M-12N

0191 Oslo, Norway

 

Item 2(c). Citizenship:

Citizenship is set forth in Row 4 of the cover page for the Reporting Person and is incorporated herein by reference.

 

Item 2(d). Title of class of securities:

Common Stock, $0.001 par value

 

Item 2(e). CUSIP No.:

64111Q 10 4

 

Item 3. If this statement is filed pursuant to Secs. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (e) x An investment adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E);

 

Item 4. Ownership

 

  (a) Amount beneficially owned: 2,326,192

 

  (b) Percent of class: 6.0%

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote: 2,326,192

 

  (ii) Shared power to vote or to direct the vote: 0

 

  (iii) Sole power to dispose or to direct the disposition of: 2,326,192

 

  (iv) Shared power to dispose or to direct the disposition of: 0

CUSIP NO. 64111Q 10 4   Page 4 of 5

DNB Asset Management AS (“DNB”) is the investment manager of a number of funds and managed accounts and is deemed to be interested in voting rights in the issuer by virtue of the investment management relationship.

DNB disclaims beneficial ownership of these securities except to the extent of management fees, performance fees or other fees received from the funds and managed accounts which DNB is the investment manager and has discretionary investment power over the securities held by each of these funds and managed accounts.

 

Item 5. Ownership of 5 percent or Less of a Class:

Not Applicable.

 

Item 6. Ownership of More than 5 Percent on Behalf of Another Person:

Not Applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

Not Applicable.

 

Item 8. Identification and Classification of Members of the Group:

Not Applicable.

 

Item 9. Notice of Dissolution of Group:

Not Applicable.

 

Item 10. Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP NO. 64111Q 10 4   Page 5 of 5

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 5, 2014

 

DNB ASSET MANAGEMENT AS

/s/ Asle Eide

Name: Asle Eide
Title: Compliance Officer