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 * Scannell Patrick J Jr   2. Issuer Name and Ticker or Trading Symbol NETEZZA CORP [NZ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CFO & Sr. Vice President (Last) (First) (Middle) C/O NETEZZA CORPORATION, 26 FOREST STREET 3. Date of Earliest Transaction (Month/Day/Year) 08/05/2008 (Street) MARLBOROUGH, MA 01752 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 08/05/2008   M   25,000 A $ 2.5 25,000 D   Common Stock 08/05/2008   S(1)   25,000 D $ 13 0 D   Common Stock               37,750 I By The Scannell Family Investment Trust (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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)

$ 2.5

08/05/2008

M

25,000

(3)

02/20/2016

Common Stock

25,000

$ 0

96,541

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Scannell Patrick J Jr C/O NETEZZA CORPORATION 26 FOREST STREET MARLBOROUGH, MA 01752			CFO & Sr. Vice President

Signatures

/s/ Michael Crowley (as attorney-in-fact for Patrick J. Scannell, Jr.)		08/07/2008
**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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 27, 2007.
(2)	The reporting person is a trustee and one of the indirect beneficiaries of The Scannell Family Investment Trust and disclaims beneficial ownership of the securities held by The Scannell Family Investment Trust except to the extent of his pecuniary interest therein.
(3)	Represents partial exercise of an option to purchase an aggregate of 150,000 shares granted by the issuer pursuant to its 2000 Stock Incentive Plan on February 20, 2006. This option is currently vested as to 75,000 shares and will vest as to an additional 7,500 shares on November 1, 2008 and at the end of each successive three-month period thereafter through and including February 1, 2011.

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