0001104659-12-008208 4 1 20120207 20120209 20120209 SASAKI GAIL M 0001422990 4 34 001-33170 12588006 C/O NETLIST, INC. 51 DISCOVERY, STE 150 IRVINE CA 92618 ITOW GAIL MISAKO 20080107 NETLIST INC 0001282631 3674 954812784 DE 1231 51 DISCOVERY, STE 150 IRVINE CA 92618 949-435-0025 51 DISCOVERY, STE 150 IRVINE CA 92618 4 1 a4.xml 4 X0304 4 2012-02-07 0 0001282631 NETLIST INC NLST 0001422990 SASAKI GAIL M 51 DISCOVERY, SUITE 150 IRVINE CA 92618 0 1 0 0 Vice President and CFO Common Stock 2012-02-07 4 M 0 10625 0.29 A 23750 D Common Stock 2012-02-07 4 M 0 10000 0.33 A 33750 D Common Stock 2012-02-07 4 S 0 10625 4.0001 D 23125 D Common Stock 2012-02-07 4 S 0 10000 4.0001 D 13125 D Common Stock 2012-02-07 4 S 0 3750 4.0001 D 9375 D Common Stock 2012-02-08 4 M 0 13486 0.33 A 22861 D Common Stock 2012-02-08 4 S 0 13486 4.20 D 9375 D Common Stock 2012-02-09 4 M 0 7764 0.33 A 17139 D Common Stock 2012-02-09 4 M 0 22343 1.93 A 39482 D Common Stock 2012-02-09 4 S 0 7764 4.20 D 31718 D Common Stock 2012-02-09 4 S 0 22343 4.20 D 9375 D Employee Stock Option (Right to Buy) 0.29 2012-02-07 4 M 0 10625 0 D 2018-11-20 Common Stock 10625 6250 D Employee Stock Option (Right to Buy) 0.33 2012-02-07 4 M 0 10000 0 D 2019-06-10 Common Stock 10000 40000 D Employee Stock Option (Right to Buy) 0.33 2012-02-08 4 M 0 13486 0 D 2019-06-10 Common Stock 13486 26514 D Employee Stock Option (Right to Buy) 0.33 2012-02-09 4 M 0 7764 0 D 2019-06-10 Common Stock 7764 18750 D Employee Stock Option (Right to Buy) 1.93 2012-02-09 4 M 0 22343 0 D 2017-09-04 Common Stock 22343 2657 D Sales reported were effected pursuant to a Rule 10b-5-1 trading plan previously adopted by the reporting person. Exercise of stock option and same day sale of underlying common shares pursuant to the Amended and Restated 2006 Equity Incentive Plan of Netlist, Inc. The option vests in sixteen (16) equal quarterly installments through November 14, 2012. The option vests in sixteen (16) equal quarterly installments through June 10, 2013. The option vested in four (4) equal annual installments through September 4, 2011 and is fully vested. /s/ Gail M. Sasaki 2012-02-09