<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-08-04</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001122904</issuerCik>
        <issuerName>NETGEAR INC</issuerName>
        <issuerTradingSymbol>NTGR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001256314</rptOwnerCik>
            <rptOwnerName>ROYER STEPHEN D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4444 LAKESIDE DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BURBANK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>91505</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>1</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>

        <transactionDate>
            <value>2003-08-04</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>C</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>4597501</value>
            </transactionShares>

            <transactionPricePerShare>
                <footnoteId id="F1"/>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>4597501</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>See</value>
                <footnoteId id="F2"/>
            </natureOfOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>

        <transactionDate>
            <value>2003-08-04</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>X</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>198593</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>1.29</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>198593</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>See</value>
                <footnoteId id="F3"/>
            </natureOfOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

    </nonDerivativeTable>
    <derivativeTable>
        <derivativeTransaction>

        <securityTitle>
            <value>Series A Preferred Stock</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <footnoteId id="F1"/>
        </conversionOrExercisePrice>

        <transactionDate>
            <value>2003-08-04</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>C</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>2068809</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>0</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>

        <exerciseDate>
            <footnoteId id="F4"/>
        </exerciseDate>

        <expirationDate>
            <footnoteId id="F5"/>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>2068809</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <valueOwnedFollowingTransaction>
                <value>0</value>
            </valueOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>See</value>
                <footnoteId id="F6"/>
            </natureOfOwnership>
        </ownershipNature>
        </derivativeTransaction>

        <derivativeTransaction>

        <securityTitle>
            <value>Series C Preferred Stock</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <footnoteId id="F1"/>
        </conversionOrExercisePrice>

        <transactionDate>
            <value>2003-08-04</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>C</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>2528692</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>0</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>

        <exerciseDate>
            <footnoteId id="F4"/>
        </exerciseDate>

        <expirationDate>
            <footnoteId id="F5"/>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>2528692</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>0</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>See</value>
                <footnoteId id="F6"/>
            </natureOfOwnership>
        </ownershipNature>
        </derivativeTransaction>

        <derivativeTransaction>

        <securityTitle>
            <value>Warrant (right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>1.29</value>
        </conversionOrExercisePrice>

        <transactionDate>
            <value>2003-08-04</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>X</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>218750</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>0</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>

        <exerciseDate>
            <footnoteId id="F4"/>
        </exerciseDate>

        <expirationDate>
            <value>2003-08-04</value>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>198593</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>0</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>See</value>
                <footnoteId id="F7"/>
            </natureOfOwnership>
        </ownershipNature>
        </derivativeTransaction>

    </derivativeTable>
    <footnotes>
        <footnote id="F1">Upon the closing of the Issuer's initial public offering on August 4, 2003, each share of Series A and Series C Preferred Stock referenced
in Table II was automatically converted into one share of Issuer common stock (the &quot;Shares&quot;).</footnote>
        <footnote id="F2">Directly owned by Shamrock Capital Growth Fund, L.P. (&quot;SCGF&quot;).  Shamrock Capital Partners, L.L.C. (&quot;Shamrock Capital Partners&quot;)
is the General Partner of SCGF.  The reporting person is Executive Vice President and a member of Shamrock Capital Partners and may be
deemed, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (&quot;Section 16&quot;), to be the indirect beneficial owner of
the Shares and a &quot;ten percent holder&quot; hereunder.  The reporting person disclaims beneficial ownership of the Shares except to the extent
of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of
such securities for purposes of Section 16 or for any other purpose.</footnote>
        <footnote id="F3">Directly owned by Shamrock Capital Advisors, Inc. (&quot;SCA&quot;).  These shares of Issuer common stock (the &quot;Warrant Shares&quot;) were issued
pursuant to the net exercise provisions of the warrant previously directly owned by SCA and referenced in Table II below.  The
reporting person is a Managing Director of SCA and may be deemed for purposes of Section 16 to be the indirect beneficial owner of
the Warrant Shares.  The reporting person disclaims beneficial ownership of the Warrant Shares except to the extent of his pecuniary
interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for
purposes of Section 16 or for any other purpose.</footnote>
        <footnote id="F4">These securities were exercisable immediately.</footnote>
        <footnote id="F5">These shares did not have an expiration date.</footnote>
        <footnote id="F6">SCGF directly owned these shares of Series A and Series C Preferred Stock of the Issuer prior to their conversion into the Shares on August 4, 2003.</footnote>
        <footnote id="F7">SCA directly owned this warrant and the right to acquire the underlying Issuer common stock pursuant to the terms of the warrant prior to
its exercise on August 4, 2003. The warrant was issued to and acquired by SCA on March 13, 2002 in consideration of services rendered to the Issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Stephen D. Royer</signatureName>
        <signatureDate>2003-08-06</signatureDate>
    </ownerSignature>

</ownershipDocument>

