Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LO PATRICK CS
   2. Issuer Name and Ticker or Trading Symbol
NETGEAR, INC [NTGR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last)
(First)
(Middle)
NETGEAR, INC., 350 E. PLUMERIA DR.		 3. Date of Earliest Transaction (Month/Day/Year)
01/11/2009
(Street)

SAN JOSE, CA 95134		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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               23,585 I See footnote (1)
Common Stock               243,962 I See footnote (2)
Common Stock               16,236 I See footnote (3)
Common Stock 01/11/2009   M   5,000 (14) A $ 0 19,496 D  
Common Stock 01/11/2009   F   2,153 D $ 11.87 17,343 D  
Common Stock 01/12/2009   M   5,000 (14) A $ 0 22,343 D  
Common Stock 01/12/2009   F   1,927 D $ 11.58 20,416 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 15.35               (5) 03/11/2015 Common Stock 94,100   94,100 D  
Employee Stock Option (Right to Buy) $ 22.68               (6) 05/23/2016 Common Stock 100,000   100,000 D  
Restricted Stock Units (7)               (8)   (9) Common Stock 6,000   6,000 D  
Employee Stock Option (Right to Buy) $ 4.51               (4) 04/03/2010 Common Stock 198,073   198,073 D  
Employee Stock Option (Right to Buy) $ 29.23               (10) 01/12/2017 Common Stock 100,000   100,000 D  
Restricted Stock Units (7) 01/12/2009   M     5,000   (11)   (9) Common Stock 5,000 (9) 10,000 D  
Employee Stock Option (Right to Buy) $ 28.79               (12) 01/11/2018 Common Stock 100,000   100,000 D  
Restricted Stock Units (7) 01/11/2009   M     5,000   (13)   (9) Common Stock 5,000 (9) 15,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LO PATRICK CS
NETGEAR, INC.
350 E. PLUMERIA DR.
SAN JOSE, CA 95134		   X     Chairman and CEO  

Signatures

 /s/ Andrew W. Kim, Attorney in Fact   01/13/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The shares are held by the Patrick C.S. Lo Grantor Retained Annuity Trust.
(2) The shares are held by the Patrick and Emily Lo Revocable Trust dated 4-7-99.
(3) The shares are held by the education trust of Mr. Lo's children, of which Mr. Lo is a co-trustee.
(4) 25% of the option grant is exercisable on 4/3/2001, and 1/48 of the option grant is exercisable each month thereafter.
(5) 100% of this option grant is exercisable on 3/11/05, the grant date. Shares underlying the option are restricted from transfer, with the restriction lapsing with respect to 25% of the shares on each subsequent anniversary of the grant date, so that all underlying shares will be free from transfer restrictions on 3/11/09.
(6) 25% of the option grant is exercisable on 5/23/2007, and 1/48 of the option grant is exercisable each month thereafter.
(7) Converts to common stock on a one for one basis.
(8) Stock units will be paid in an equal number of shares of the Issuer's common stock upon vesting of the units. 25% of the units will cliff vest on each anniversary of 5/23/06, the vest start date, so that all of the units will have vested on 5/23/2010.
(9) Not applicable.
(10) 25% of the option grant is exercisable on 1/12/2008, and 1/48 of the option grant is exercisable each month thereafter.
(11) Stock units will be paid in an equal number of shares of the Issuer's common stock upon vesting of the units. 25% of the units will cliff vest on each anniversary of 1/12/2007, the vest start date, so that all of the units will have vested on 1/12/2011.
(12) 25% of the option grant is exercisable on 1/11/2009, and 1/48 of the option grant is exercisable each month thereafter.
(13) Stock units will be paid in an equal number of shares of the Issuer's common stock upon vesting of the units. 25% of the units will cliff vest on each anniversary of 1/11/2008, the vest start date, so that all of the units will have vested on 1/11/2012.
(14) Acquired pursuant to the vesting of restricted stock units which convert to common stock on a one for one basis.

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